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cenvat credit on mobile bill in service tax

1954 views 3 replies

CA Hemant T Dewani

Chartered Accountant

3356 Points Joined November 2007

we are one of the sotware develpment,we are updates software every year in our client office total receipt are adouve rs 8 laks whether cenvat credit is available on mobile bills under service tax

whether any cenvat credit not taken in the perticular period.are available to the naxt quarter/next period

pl clerify and if any notification or circular is available or not

Replies (3)

CA AYYAPPA

Chartered Accountant

272 Points Joined June 2007

as per Cenvat Credit Rules, 2004 there is no restriction from taking credit on mobile phones. If u r comming under non exempt category(ie above 800000) u have to get registered and pay the service tax on output services as per the Cenvat Credit Rules, 2004 there is no time limit. But credit is available from the period when the output service is taxable.