Service Tax Input

Queries 490 views 1 replies

Amit

Assistant Manager

28 Points Joined July 2009

Hi,

I have query with regard to Service Tax Input. I have received the advance invoice from my vendor for the service to be rendred from April 2011 to Marc 2012. Can i take the credit for the service tax input in month of Feb11. I will make payment in Feb11 or March 11.

Please advice.

Thanks & Regards

Amit Ranjan

Replies (1)

Nirav Worah

CHARTERED ACCOUNTANT

396 Points Joined August 2010

yes, Service tax credit can be taken on the amount paid as advance. For the purpose of calculation of service tax treat the amount paid as inclusive of service tax.