Can one avail Service Tax Credit without an invoice having been available?
In my case the Service Tax Credit is taken in the month of February and have recd. the invoice from the service provider in March wherein he has paid to the Govt. the tax w.r.t. services to me in March.
The relevant dates are as follows-
Check Issued by me- 28 Feb
Invoice Date- 4 March
Cheque encashed on- 7 March
The transaction is a very genuine one.
Please do let me know if I will be liable to pay Interest and penalty, if any for the above availment in Feb or if Credit can be taken in Feb? If yes, HOW?
Pl. assist.
CAclubindia
