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
CAclubindia
