Service Tax Credit

Dear Toms Abraham,

Please provide the details of the Company first, whether it’s a Manufacturer or a Service Provider along with the Status that What kind of Credit you have Taken for amounting Rs. 1 lac i.e. it is for Input Services, Input or Capital Goods.

This is will enable us to reply or suggest the solution.

Regards

Sushma Mevacha

There is no time limit for carry faorward of  cenvat credit.

if u opt for exemption of 10L in next year, then the accumulated credit will be zero. but if u opt to pay service tax from start, then the credit would be alive. 

I Accept with Mr.US Sharma

Plz make sure that if the remaining cenvat credit of Rs.1,00,000 pertains to Capital Goods then out of the total credits 50% is claimed in the year of capital expenditure & the remaining is carried forward for utilisation in the next year.