How long we can take credit of service tax
This query is : Resolved
sanjeev manchanda
(Querist)
30 June 2010
Dear All,
Request you to let me kow how long we can take credit of service tax un utilized in our books from previous yers.
Request you to let me kow how long we can take credit of service tax un utilized in our books from previous yers.
Shyam Lal Naik
(Expert)
30 June 2010
You have already taken the credit. This can be carried forward till utilised. There is no time restriction within which the CENVAT credit can be utilised.
30 June 2010
AGREED, AS SOON AS PAYMENT OF BILL IS MADE, YOU CAN TAKE CREDIT OF BILL. FOR UTILIZATION OF THE BALANCE IN SERVICE TAX CREDIT A/C , THERE IS NO TIME LIMIT.
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