Input Credit & revision of Service tax return
This query is : Resolved
Dheeraj Hans
(Querist)
25 June 2011
Dear experts,
Can we take input credit in advance without booking of invoice knowing the fact that the payment we are making is for services.
Also can we revise ST return after 90 days, if yes then in which section/rule of service tax it is mentioned.
Can we take input credit in advance without booking of invoice knowing the fact that the payment we are making is for services.
Also can we revise ST return after 90 days, if yes then in which section/rule of service tax it is mentioned.
Ram Avtar Singh
(Expert)
26 June 2011
service tax input paper required.
As per Rule 7B wef. 01/03/2007 an assessee may file revised return within 90 days from the date of submission of return filed under Rule 7.
As per Rule 7B wef. 01/03/2007 an assessee may file revised return within 90 days from the date of submission of return filed under Rule 7.
rajula gurva reddy
(Expert)
27 June 2011
Service Credit can be taken immediately after payment of the consideration towards providing the service and after receipt of the invoice.
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