Utilization of credit of service tax
This query is : Resolved
17 July 2015
hello sir i have some query regarding cenvat credit rule 2004 for rule 4(7) credit for input service. in case of partial RCM service receiver book 50% credit on GAR 7 basis. and 50% credit when will be book by SR? case-1:- if SR not paid bill amount to SP with in 3 month but paid total bill amount with in 6 month. case-2:- if SR paid bill amount to SP after 6 month. plz suggest me what is the treatment of cenvat credit. cenvat credit will laps if payment made to SP after 6 month. plz suggest me with give a example. thanks Rahul gupta rkgupta1988@gmail.com
17 July 2015
Case 1. Credit could be taken on the basis of the invoice, but if payment not made in three months then reverse the credit taken.
Case 2. Credit eligibility is after 6 months
Case 2. Credit eligibility is after 6 months
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- E way bill for tractors
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
