Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

cenvat credit of past liability

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cenvat credit of past liability
Query (Issue) Started By: - jagannath prasad Dated:- 13-10-2015 Last Reply Date:- 15-10-2015 Service Tax
Got 4 Replies
Service Tax
an assessee pays service .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tax liability after two years.Since now GAR7 is also an eligible document for taking credit, can the assessee take credit of the tax paid within 6 months of GAR7 date. thanking you Reply By Ganesha .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n Kalyani: The Reply: In my view one to one correlation between liability and credit is not required. Therefore the credit can be taken except for interest which you are liable to pay. Reply By Mahir .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... S: The Reply: Yes sir, if the service tax payment has nexus with the manufacturing activity, then you can take input service credit on such amount, except interest and penalty amount Reply By YAGAY .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... AND SUN: The Reply: If your service provider has not been issued SCN by the Service Tax Department, then, you can avail the CENVAT credit of input service having nexus either with finished goods or o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... utput services otherwise not. Please check with your service provider in this regard that whether any SCN had been issued on him or not? Reply By jagannath prasad: The Reply: YAGAY AND SUN Dear Sir .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... , Please let me know what provision of cenvat credit rules prevent taking of cenvat credit of service tax paid on input servioce after issuance of SCN.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates