The effective date of levy of Service tax on the shipping coastal transaction is 01-Sep-09
Can the Shipping companies avail cenvat credit on the inputs services received before the effective dates
but invoice and payment are on or after the effective dates.
eg
The Voyage no. of a shipping company starts 121 in Sep'09 (Income)
The shipping company received an invoice for the voyage no 118 (Expenses)
Invoice date 28-Sep-2009 Payment date 30-Oct-2009
can the shipping company avail the CENVAT Credit ?
CAclubindia
