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
CA Balram Sharma
(Expert)
21 November 2009
credit will take immediately after the payment of value of service and service tax.
CA Ravi Sisodia
(Expert)
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.
ANIL JANGID
(Expert)
21 November 2009
agree with gokul
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.
CA Ravi Sisodia
(Expert)
21 November 2009
yes, it can carried-forward and adjest against Dues.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GSTR9 Annual Return
- Ito add credit side of bank
- Employee secondment
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- Applicability of tax on invoice
- Capital gain on commercial property and investment in residential property
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Rectification under processing even after 6 months cpc portal
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
