Prepaid expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2013
we have recorded prepaid expenses although service tax has been utilised in FY 2012-13.
Service Tax does not disallow credit of service tax of prepaid expenses..right???
Service Tax does not disallow credit of service tax of prepaid expenses..right???
16 July 2013
No. Credit of Service Tax of prepaid expenses is not disallowed.
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2013
Thanks.....
i am asking whether in service tax i can avail cenvat of such service tax..
i am asking whether in service tax i can avail cenvat of such service tax..
16 July 2013
Yes you can take the input credit of service tax on prepaid expenses.
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