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CREDIT UTILIZATION

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(Querist)
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
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CA Balram Sharma

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CA Balram Sharma (Expert)
21 November 2009 credit will take immediately after the payment of value of service and service tax.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
21 November 2009 agree with Mr.Balram
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Gokul

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Gokul (Expert)
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.
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ANIL JANGID

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ANIL JANGID (Expert)
21 November 2009 agree with gokul
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Amol Suresh Sinkar

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Amol Suresh Sinkar (Expert)
21 November 2009 I am also agree with Mr.Gokul as it can also carried forward to next Period & adjust against the dues payable.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
21 November 2009 yes, it can carried-forward and adjest against Dues.
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