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

This query is : Resolved

Querist : Anonymous

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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 June 2015 Input credit can be taken only if it is utilized for providing out put service.

Querist : Anonymous

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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 June 2015 Input credit can't be taken for the above.

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

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