Input service tax (cenvat credit)
This query is : Resolved
amit lalwani
(Querist)
26 June 2013
Hi Fellowmates,
I am working with a limited Organization. we are registered with the service tax dept. we are not collecting service tax from our clients ,but we are paying service tax on the client bill amount from our own pocket.can we claim cenvat credit of input service tax paid .we have a long outstanding input tax , it relates to past previous years, can we adjust in the in the current year
I am working with a limited Organization. we are registered with the service tax dept. we are not collecting service tax from our clients ,but we are paying service tax on the client bill amount from our own pocket.can we claim cenvat credit of input service tax paid .we have a long outstanding input tax , it relates to past previous years, can we adjust in the in the current year
vikas Manglani
(Expert)
26 June 2013
Yes if you are paying service tax on output service you cannot be denied credit of service tax paid on input services. But you should be careful that there must be some nexus between input services with the output services provided.
amit lalwani
(Querist)
28 June 2013
your reply gave me confidence to proceed further . i just modify my query can you please go through it and give your acceptable opinion.thanking you again.
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