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Input tax credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2013 Can the input tax credit of previous months can be taken as credit for next months in Service tax?
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CA Prashant Shrivastava

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CA Prashant Shrivastava (Expert)
07 April 2013 Yes, input tax credit can be utilized for payment of service tax for that month or for subsequent months.

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