hi experts
can you please help me in this case for filing service tax return???
Tax liab for april st nil and cenvat credit for the month st 12824/- ed cess 256/- SHEC 128/-
may tax liab without taking credit, 41206/-, 824/-, 412/- and cenvat credit 13674/, 270/-135/-
consolidate amount paid on 6/6/15 51500/-for may 2015
june tax liabilty is @ 14% 16800 and cenvat credit is 15937/-
please advice me how to utilise cash deposited and cenvat credit.
thanks and regards
ish kumar sharma
assuming that you are not taking any exemption benefit of exemption or abatement
you had to adjust the may liability with previous month collective credit, ( as you have said that without taking credit, means you are availing some exemption or abatement) , and if exemption is availed then your accumulated credit is gone to zero, and you can not avail the credit
sie we dont have any exemption?
sir we dont have any exemption? i am bit confused to adjust cash deposited in the month of june for may, how to utilised the cash and cenvat credit in the may and june ,please guide me with this illustration
thanks and regards
ish kumar sharma
the word "without taking credit"comes only when an exemption is availed, otherwise "no taxable input received during the month would appear.
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