Input service distributor
This query is : Resolved
Vicky Khiyani
(Querist)
31 July 2012
Sir/Ma'am,
There is a HO bank who is an Input Service distributor for its branches. The branches are registered with the Service Tax Deptt. but the HO is not registered yet.
If the HO bank registers itself in the current year, can it avail credit of service tax paid by it in the previous years?
Kindly mention the legal provisions/Sections/Rules, if possible.
Kindly reply ASAP.
Thank You.
There is a HO bank who is an Input Service distributor for its branches. The branches are registered with the Service Tax Deptt. but the HO is not registered yet.
If the HO bank registers itself in the current year, can it avail credit of service tax paid by it in the previous years?
Kindly mention the legal provisions/Sections/Rules, if possible.
Kindly reply ASAP.
Thank You.
Amol S Joglekar
(Expert)
31 July 2012
No. The earlier input credit can not be claimed.
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