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service tax credit eligibility-reg

Service Tax - Started By: - Ramakrishnan Seshadri - Dated:- 1-10-2015 Last Replied Date:- 31-10-2015 - Dear Sir,We are receiving invoices from our service providers and others under rcm also by charging service tax. On receipt of the invoices we will book the invoice and payment will be made immediately or after one month. Our question is whether service tax credit charged in their invoices can be taken immediately or credit to be taken only after payment to the service providers.Please clarify. .....

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y be, challan referred to in rule 9 is received. However proviso to this rule provides that in respect of input service where whole or part of the service tax is liable to be paid by the recipient of service, credit of service tax payable by the service recipient shall be allowed after such service tax is paid. The second proviso to the above rules provides that in case the payment of the value of input service and the service tax paid or payable as indicated in the invoice, bill or, as the case .....

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