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Service tax input credit
Dear everyone,
company is a recently established software company and during the current financial company not provided any services hence no service tax is collected however company paid service tax for auditors service,rent etc company can claim this as input service even there is no output service provided by the company kindly advise me as early as possible
thank in advance
Replies (2)
You can avail the Credit of Input Service tax and can utilise it in future years.
There is no time limit for using the Credit.
Please refer ammendment in third proviso to rule 4(1) of Cenvat Credit Rules, 2004, vide notification 6/2015-CE(NT) dated 01-03-2015
But without Output service tax you cannot utilize it.
So kindly avail it and keep it as debit balance i.e CENVAT CREDIT to be utlised in your financial statements
Thanks a lot CA Tanvi Sheth sir.
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