04 July 2015
We have a service invoice dated 29/12/14 but we have not availed service tax credit for the same till June 2015. Now as per the recent amendment where time limit for availing CENVAT credit has been increased to 1 Year can we avail the credit of this invoice after June 2015.
04 July 2015
Just pass this entry on 29/12/2014. 1) Exp. Dr. Service tax unaviled credit Dr. To Party 2)on 1/4/2015 Service tax Dr. edu cess Dr. Sec edu Dr. To Service tax unavailed credit. 3) on utilization Service tax output Dr. edu cess Dr. sec edu cess Dr. To st input To edu cess to sec edu cess.
04 July 2015
Thanks Neelam for your response. But we have not entered any of these entries in our books on these dates as our period closes every month.
So is there any issue from point of view of law as it has not been entered in books
04 July 2015
Thanks Neelam for your response. But we have not entered any of these entries in our books on these dates as our period closes every month.
So is there any issue from point of view of law as it has not been entered in books
CAclubindia
