Can we Claim the credit of service tax input for the current financial year of past years??
For Example Current FY 2011-12
Can we claim service tax input credit not claimed from the year 2006-2007 and reduce it from the expenses of current year??
Menu
Service tax
Replies (5)
Am not sure , i think we can claim input credit pertaining to previous years, because there is no time limit for claiming service tax input credit
Yes.
U can claim;
There is no time limit prescribed for availing the CENVAT credit;
ensure that sufficient documents are available exercising your rights;
how can you reduce the cenvat credit of 2006-07 from the expenses of current year i.e. 2011-12??
What abt the accounting standards and principles.
.
there is no time limit for cenvat credit availment. . But how to convince Dept that you have not availed earlier. Therefore you may inform dept that you are doing so.
whether the credit has been availed or not can be proved from the returns of that particular period (ER1) ... if the credit has not been availed then the same can be availed and utilised right now ...
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
