Service tax input

Dear Friends,

I have come across this problem while working for one of the clents of our Firm. Please answer asap if possible :

The client company is a an engineering construction company having sites all over India. The client has deducted service taxes against bills of it's subcontractors throughout the F.Y. 2011 - 2012 but has not claimed input credit for the same in it's payments to subcontractors for Service Tax over the year.

Question is : Can the client claim the previous input credits (since April,  2011) against amounts it will pay now  i.e., in March 2012 ? The total unclaimed input credit amount is around Rs. 3 Lakhs.  

Thanks and regards.

Replies (2)
Hi Sumath In my opinion your client should claim the input credit. Any unutilised Input credit can be carried forward to next FY.
You are just required to revise the ST Return for First half of FY11-12 and show the input ST paid till that period and,then you can carry forward that credit to second half . So far as credit attributable to month-Oct to Feb,you can adjust that in March (along with the adj of c/f credit of 1st half) because you have not filed return for Second half ,as such you can simply show the credit in that return and nothing else. Anyway nice query.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details