CREDIT UTILIZATION
This query is : Resolved
21 November 2009
IS CREDIT ON INPUT SERVICES SHOULD B UTILIZE MONTHLY OR QUATERLY BASIES
i mean to say when service tax payble for the april '09 is there
so adjustment of credit for the month of may '09 should be in the month of may'09 or july'09
credit adjustment should be monthly or quaterly in the service tax return
i mean to say when service tax payble for the april '09 is there
so adjustment of credit for the month of may '09 should be in the month of may'09 or july'09
credit adjustment should be monthly or quaterly in the service tax return
21 November 2009
credit will take immediately after the payment of value of service and service tax.
21 November 2009
agree with Mr.Balram
21 November 2009
Mr. Pratibh it is not necessary to utilise credit of input services monthly or quarterly, U can carry forward the credity for next period.
21 November 2009
agree with gokul
21 November 2009
I am also agree with Mr.Gokul as it can also carried forward to next Period & adjust against the dues payable.
21 November 2009
yes, it can carried-forward and adjest against Dues.
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