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
Annu Agarwal
(Expert)
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.
Rupesh Jain
(Expert)
05 July 2014
you can make adj. of excess in previous period .
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
