Input Credit Adjustment

You can only adjust this  in month of February ………

So we cant Take this Credit againt that Liability?

Can u clear ur answer pls

Yes you can only adjust liability in feb only because you remit payment to creditors in February that’s why its realization in February as you are saying…..

Originally posted by : Ajay s
	Dear All We have service Tax Liability of 90,778/- Due on 05-09-10 and we have a credit of Rs.46727/- on Feb 11 How this credit is adjusted and what is the actual Interest Payable ?

thsi liability is put here upto aug 2010, so u can avail credits taken upto aug 2010 only for adjustment,

for feb credits u have to adjust the same for feb 11 service tax payments or carry forward for next period.