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Service Tax Credit

Queries 567 views 3 replies

Service tax exemption of Rs. 10,00,000/- exhausted on 30-09-2010. He is liable to collect service tax from 01-10-2010. Total receipts for the next quarter Rs. 5,00,000/-. Service Tax collected Rs. 51,500/-

Can he avail service tax credit for service tax amount paid for the period 01-04-2010 to 30-09-2010.

 

Please reply its urgent!!!

Replies (3)

serevice received within exemption period does not qualify for input credit.

Input credit is avaliable only from the time when the services become taxable. simple logic NO Input if no out put. on the other hand if he is a exporter he can claim refund

yes, agree with sharma and prasad


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