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
(Expert)
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
(Expert)
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
(Expert)
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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