Service tax input credit

Others 671 views 1 replies

Hi All

One of my client is a pvt limited company and doing business as consulting Engineers, interior decorators , contractors, dealers and agents of building materials and services. Can I claim/show the input service tax credit n the books as receivable, as the client is still not yet billed or business is still in the starting position. and hence no billing done for the year 2011-12. I got to know that this can be carry forwarded without any time limit and in case if the services are exempted/exported then even refund can also be claimed from the service tax department.

I guess, to claim first i need to register my client under service tax and also file the half yearly returns.

I wish someone to throw light on this and help me in this by givign relevant caselaws/sections/study material.

Regards,

Lakshmi Devanand

Replies (1)

Hi

You are right in all your above statements, like claiming refund on exports, carry forward of Input credit....

You will not be able to claim refunds for period before your register for service tax


CCI Pro

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