Service tax input
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2014
Hi,
I have a pvt limited co, for the month of April and May, I have excess service tax credit then payable, the difference amount comes to around 10000/-
For the month of June, I have to make payment of 7000/-
Can i take credit of 10000 of April and May, and if yes under what rule.
Thanks and regards
I have a pvt limited co, for the month of April and May, I have excess service tax credit then payable, the difference amount comes to around 10000/-
For the month of June, I have to make payment of 7000/-
Can i take credit of 10000 of April and May, and if yes under what rule.
Thanks and regards
02 July 2014
Yes you can take credit of Rs 10,000.The same is permissible as per rule 6(4A)of service tax Rules 1994.
Also as per Notification No.03/2012 dated 17.03.2012
-Excessive service tax can be adjusted withot any limit.
-The adjustment is to be reflected in the service tax return.
Also as per Notification No.03/2012 dated 17.03.2012
-Excessive service tax can be adjusted withot any limit.
-The adjustment is to be reflected in the service tax return.
05 July 2014
you can make adj. of excess in previous period .
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