Query:- A Service provider, has not yet been finalised the Accounts for the financial year 2013-14. Now the Service Provider wants pay the Service tax liability for the financial year 2013-14 and also wants claim the input tax credit for Service tax paid on Purchases for the financial year 2013-14. Now the Organisation is loss making . Please suggest how to deal with such situation.
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Service tax input credt
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Maximum period for availing CENVAT Credit is one year. So avail CENVAT Credit accordingly and then adjust it with the service tax payable and pay the net amount through Bank.
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