when credit allowed
This query is : Resolved
Kapil Jain
(Querist)
06 August 2010
Dear Friends
We are liable to excise duty
We take credit of service tax in payment of excise duty.
Now the question when we may take credit if
a. we make part payment to a party which cover full amount of service tax.
b. On freight – as the date of payment would be next monts.
We are liable to excise duty
We take credit of service tax in payment of excise duty.
Now the question when we may take credit if
a. we make part payment to a party which cover full amount of service tax.
b. On freight – as the date of payment would be next monts.
09 August 2010
b)Credit of Service Tax on the input services can be availed, only after making payment of the amount indicated in the invoice / bill/challans.
a)Service tax amount should be considered prorata basis on the part payment to the party for availing credit.
a)Service tax amount should be considered prorata basis on the part payment to the party for availing credit.
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