Input service tax adjusted against excise duty payment
This query is : Resolved
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.
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.
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.
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)
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)
29 May 2015
Dear Sanjit Ji,
You can take the cenvat credit of all these services but you should consult with any professional.
You can take the cenvat credit of all these services but you should consult with any professional.
30 May 2015
W/O MAKing payment of bill you cannot take service tax input.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- Annual return in Gst
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
