Payment date of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2015
In reverse charge mechanism service tax input credit is taken on due basis means when the invoice is received or when the payment of bill is made.
21 June 2015
In RCM input credit can be availed only after Service Tax liability under RCM is paid in cash. So after you make the payment you can take input credit as per Cenvat credit rules.
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2015
Thank you Sir
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