Input credit
This query is : Resolved
06 April 2016
We have received ISO audit service during FY 15-16. Bill is for the month of Jan. 16. in which service tax is Rs. 4000/- included in bill . we have not paid bill till 31st March, 16. My question is whether credit on input service of ISO audit is availed in FY 15-16 or FY 16-17 ?
CA R SEETHARAMAN
(Expert)
06 April 2016
Avail it in FY 16-17 after making payment.
06 April 2016
so, how can we show Rs. 4000/- service tax in books ? As a expense or provision for input service tax credit. ?
CA R SEETHARAMAN
(Expert)
06 April 2016
Show it as provision for input service tax credit.
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