Input service tax of earlier months

Queries 868 views 3 replies

ROUNAK AGARWAL

SMAP ENGINEERING PVT LTD.

289 Points Joined January 2010

My hotel had received services from several service providers in relation to : manpower recruitment agency , elevator services, weighing scale installation services , electricity payment , internet services etc. in relation to Assessment yr 13-14 .

I had not availed any input tax adjustment from service tax payable till december 2012 . The service tax had been paid till december 2012 . Now I am willing to avail input tax credit of service tax paid by mee for months april, may, june, july, august, september , october, november, december . Is it possible to adjust the service tax input amount of these earlier months in computation of service tax for the january 2013 ???
Kindly suggest . Email at : vgaryan8 @ gmail.com

Rounak Agarwal

Replies (3)

Dipjyoti Majumdar

CA in service & CS. dipmaj@

3485 Points Joined June 2011

Yes, in my perception, particularly when the period for filing of Return for July to Sept 12 is not over yet. But make sure that closing balance of cenvat credit in ST3 filed as at 30th June is same as that on 1st July.

Regards,

deepa

79 Points Joined August 2010

yes you can even revise the return for the first quarter.

Manoj BG

Tax Professional and in Service

1795 Points Joined June 2009

Even though you have not availed cenvat credit of service tax paid on input services which you are using for providing TAXABLE output services, the same can be availed now in the current month and set off against your service tax liability. There is no time limit prescribed under Cenvat credit rules for maximum period within which cenvat credit can be availed. hence you can take set off such cenvat credit not taken earlier and pay offf your output service tax liability accordingly.

Thanks and Regards,

Manoj B. Gavali