Can an input credit on ST paid on quotation or estimate bill can be availed and whether the exp can be allowed as deduction on quotation basis under IT act in the absence of original invoice.
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Service tax input credit
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I think the answer is no because quotation/estimate does not justify service availed.
As per rule 9 of CCR, cenvat credit can be taken based on the any of the following documents:
- Invoice
- Supplementary invoice
- Bill/challan
- Debit note/ credit note
- If above docs does not contain full info, then if DC/AC is satisfied that the said goods have been accounted for in the books of the assessee he may allow cenvat credit
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