banner_ad

Exemption available on accrual basis?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 June 2011 Now service tax is payable on accrual basis.
So is that the credit of input service tax is also now available on accrual basis or it is still available on payment basis? .
Profile Image

CA Sanjeev Kr Jain

Profile Image

CA Sanjeev Kr Jain (Expert)
06 June 2011 available on payment basis
Profile Image

suuny

Profile Image

suuny (Querist)
06 June 2011 But is it not that ideally credit should also should be allowed on accrual basis.
Profile Image

annapurna

Profile Image

annapurna (Expert)
06 June 2011 It should have been allowed, but as on date there is no change in the Rules for input tax credit so till that time CENVAT Credit of input services should be availed on payment basis itself.
Profile Image

CA. Krishna K Neeraj

Profile Image

CA. Krishna K Neeraj (Expert)
06 June 2011 Agreed with expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details