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Service tax input credit on first year

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(Querist)
02 February 2013 An assessee A's services becomes liable to service tax from 01.07.2012 onwards. He makes 13 lakhs from 01.07.2012 onwards. first 10 lakhs becomes exempt from service tax. He has received services for which he has made payment.

Can he avail input credit on services paid by him from 01.07.2012 onwards? or input credit on services can be taken only from date of earning the addtional revenue beyond 10 lakhs?
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Vishakha Kejriwal.

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Vishakha Kejriwal. (Expert)
24 February 2013 Input credit can be availed only from the date of earning additional revenue beyond Rs. 10 lakhs. Please refer to clause (iv) of Para 2 of the Not. 33/2012 dated 20.6.2012 that states that the provider of taxable service shall avail the CENVAT credit only on such inputs or input services received, on or after the date on which the service provider starts paying service tax, and used for the provision of taxable services for which service tax is payable;
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