21 September 2009
how to utilise of Input service tax credit in following case if the part payment is made in advance (month january,09) and bill received (march,09) and balance payment is made in the March,09. please guide in which month crdit will be utilised?
21 September 2009
Input service credit is taken based on payment basis. In this regard, the part paid as an advance can be utlised in Jan 09 and balance amount, paid in March 09,in March 09.
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