Service Tax Input credit.

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anish (Querist)
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31 March 2008 how is the utilisation of service tax credit.? can it be availed only if the expense is paid? Or can I avail service tax input credit as soon as the invoice received even if payment is not made.?

Sanjeev Kumar Sharma

Sanjeev Kumar Sharma (Expert)
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31 March 2008 service tax input only be taken after made the payment for the same only

CA. Kirti S. Ganatra

CA. Kirti S. Ganatra (Expert)
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31 March 2008 Yes only on payment basis

MANAS ROUT

MANAS ROUT (Expert)
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31 March 2008 after payment of the expenses on which you want to claim the input.

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
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31 March 2008 U claim the input credit in respect of taxes paid by u. so, even though the basis for claiming tax credit is "invoice", u can claim credit on actual payment only