REgarding carry forward of service tax liabilities
This query is : Resolved
11 July 2008
Dear sir,
i just want to know that can i carry forward Serive tax liabilities like that service tax cenvet credit.
example
i have first month 100/- liabilities of serive tax in that month i have 90/- cenvet credit
in next month i have 90/-liabilities of serive tax in that month i have 100/- cenvet credit
in that situation can i 10/- service tax liablilites of first month use of second month of excess cenvet credit ..........
please reply soon........
Vikram Bharuka
i just want to know that can i carry forward Serive tax liabilities like that service tax cenvet credit.
example
i have first month 100/- liabilities of serive tax in that month i have 90/- cenvet credit
in next month i have 90/-liabilities of serive tax in that month i have 100/- cenvet credit
in that situation can i 10/- service tax liablilites of first month use of second month of excess cenvet credit ..........
please reply soon........
Vikram Bharuka
14 July 2008
Rule 3(4) requires that while paying service tax on output service, the CENVAT credit shall be utilised only to the extent such credit is avaiable on the last day of the month/quarter for which service tax is required to be paid. In the first month your company is required to pay the service tax of Rs.10 and in second month your company can carry forward excess credit for the forthcoming months
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Journal entry of busniess expenses
- Cash balance limit and property purchases limit
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
