Service tax credit rules

See, you may take credit on receipt of invoice on 01.01.2015...but here if you donot pay the invoice upto 31.03.15 then the said credit to be reversed...

But later on if you pay the invoice say in May then you can take the reversed credit again provided such payment made within six months of invoice date.

So,if the paymnet of invoice made after six months of invoice date then the crdit cannot be taken and shall get lapsed.

Hi Thank u for your reply.

My query is if due to certain reasons i could not take the credit within 3 months, can the credit be taken in the 4th month even though the payment is not made ?

&your reply  regarding recredit there is a circular from the dept that this time limitation is only for the first credit.