Input credit is taken on monthly basis or on bill basis?


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Querist : Anonymous

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Querist : Anonymous (Querist)
18 June 2015 A service provider company has purchased service as bill dt. 13May15, & rendered service as bill dt. 10May15. As in this case rendering of service by company is before purchase. Can I take input credit against out put of service tax bill. One more Input credit is take on monthly basis or on bill basis as mentioned above?


18 June 2015 Input credit can be taken only if it is utilized for providing out put service.

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 June 2015 If output service is before the date of bill on which input credit is taken. suppose service is provided is on 05May & service received is on 25May. In this case service provided date is beyond the service receiving date. Can input credit be taken for above?

18 June 2015 Input credit can't be taken for the above.


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