Input service tax adjusted against excise duty payment

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This query is : Resolved

Sanjit Roy (Querist)

29 May 2015 Dear Sir,

can you explain in details adjustment of input service tax against payment of central excise duty & what is the process to adjust the input service tax & time bound for service tax credit.

Arun Kumar Singh

Arun Kumar Singh (Expert)

29 May 2015 You can pay the excise duty from input service but input services should be used in the manufacturing of final product. The duration of taking cenvat credit is one year from the date of issue of invoice.

Sanjit Roy

Sanjit Roy (Querist)

29 May 2015 1)input service is taken for advertisement,telephone bill,commission bill on cc loan & rent of the factory of the product.
2)for the month of dec-14 we forgot to take adjust of all the input service tax bill,can we now adjust remaining input service bill against excise duty payment for the month of may15, (note-advertisement bill is not yet paid to the vendor)

Arun Kumar Singh

Arun Kumar Singh (Expert)

29 May 2015 Dear Sanjit Ji,
You can take the cenvat credit of all these services but you should consult with any professional.

Rupesh Jain

Rupesh Jain (Expert)

30 May 2015 W/O MAKing payment of bill you cannot take service tax input.

Sanjit Roy

Sanjit Roy (Querist)

30 May 2015 if the input service bill dtd-31.12.2014 & the bill paid dtd-20.5.2015 then when we can take the credit of input service against excise duty.

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