TaxTMI 
TaxTMI 
Input tax credit on service tax bills
20 Feb 2015 
7 Replies 
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Input tax credit: claim within prescribed period; non payment to service provider requires reversal, recredit after payment may follow.
CENVAT credit on service tax invoices must be availed within the prescribed claim period from invoice date; credit subject to a payment within period condition must be reversed if payment to the service provider is not made within the payment window. Re credit after making payment is treated as permissible by practitioners, though administrative guidance is silent and taxpayers should seek confirmation from the competent authority regarding re credit timing and applicability of the original claim period. (AI Summary)
CENVAT credit on service tax invoices must be availed within the prescribed claim period from invoice date; credit subject to a payment within period condition must be reversed if payment to the service provider is not made within the payment window. Re credit after making payment is treated as permissible by practitioners, though administrative guidance is silent and taxpayers should seek confirmation from the competent authority regarding re credit timing and applicability of the original claim period. (AI Summary)
The 100% EOU company had received invoice date is 23.08.2014 for taking credit is 6months time bar so we can take credit in this month or not any reversal is to be made or not since we have not made payment to service provider