Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

what is the impact if we credit taken Before Invocie

Service Tax - Started By: - Swapneswar muduli - Dated:- 5-3-2016 Last Replied Date:- 10-3-2016 - Dear Sir,By mistake in Service tax Credit taken date is before the invoice service provider invoice date.Is there any litigation regarding this ?Regardss .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

credit and the same is to be paid back with interest. If you reversed the wrong credit within the same month in which such wrong credit is taken by you then no interest is payable. For example if the take the wrong credit on 9.3 and reverse the same .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

query. - Reply By Ganeshan Kalyani - The Reply = In am guessing: the invoice would have received first, based in which credit would have been taken. Later some error would have occurred in the invoice which the service provider would have given by r .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

itted by Sri Rajagopalan Sir and Sri Kasturi Sir. Thanks. - Reply By Swapneswar muduli - The Reply = Dear,This is actually clerical mistake when we part-II Service tax credit we taken credit on monthly basis so this invoice date is 22-04-2015 but mis .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

re incident/ clarification. - Reply By KASTURI SETHI - The Reply = Procedural lapse. Deposit interest involved. Possibility of issuance SCN cannot be ruled out, if detected by auditors or Range Officer. - Reply By Ganeshan Kalyani - The Reply = I agr .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version