Service tax credit
This query is : Resolved
Elroy Joseph Lewis
(Querist)
20 June 2012
Dear All
I would like to know, at present the service tax liability is on billing or receipt whichever is earlier. Did the same principle apply for input services? i.e. can we take the service tax credit on bills received or payments made whichever is earlier basis?
Kindly Advice
Elroy
I would like to know, at present the service tax liability is on billing or receipt whichever is earlier. Did the same principle apply for input services? i.e. can we take the service tax credit on bills received or payments made whichever is earlier basis?
Kindly Advice
Elroy
20 June 2012
I'd suggest you to read Point of Taxation rules. Almost all scenarios are covered under POT.
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