Input service tax reversal
This query is : Resolved
11 September 2014
Dear Sir,
For one our client, there is un utilised input service tax credit. As credit cannot be utilised after 6 months, it is to be reversed now. Kindly explain the accounting treatment for the same.
Regards,
Swathi
For one our client, there is un utilised input service tax credit. As credit cannot be utilised after 6 months, it is to be reversed now. Kindly explain the accounting treatment for the same.
Regards,
Swathi
11 September 2014
From the 1st september 2014 invoice issue by manufacturer or service provider you need to take cenvat credit within 6 month. After 6 month you cannot take the cenvat credit.
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