Service tax input tax credit

This query is : Resolved

Guest

Guest (Querist)

24 November 2015 Query:- A Service provider, has not yet been finalised the Accounts for the financial year 2013-14. Now the Service Provider wants pay the Service tax liability for the financial year 2013-14 and also wants claim the input tax credit for Service tax paid on Purchases for the financial year 2013-14. Now the Organisation is loss making . Please suggest how to deal with such situation.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 November 2015 The time limit for claiming input tax credit is one year. For the financial year 2013-14 it can't be claimed now.

Guest

Guest (Querist)

24 November 2015 How to deal with such situation, now the client is unable to such high amount

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 November 2015 See whether it could be passed on to service receiver.

Guest

Guest (Querist)

24 November 2015 How to check, whether it is passed to Service receiver

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 November 2015 Check with service provider whether he can raise supplemental bill on service tax and get back the payment.

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