Availment and utilisation of service tax

[madhavvan n]

where a company has not taken any regsitration and has incurred substantial amounts on which service tax has been charged now emporarily company has stopped operations can the service tax credit be claimed is service tax required to be availed first and then utilised or in some cases company park in clearing a/c and then what are steps first should it be availed or should it be directly utilised

AI Summary

Can a Non-Registered Company Claim Service Tax Credit During Temporary Shutdown? A company that has not registered for service tax and has incurred substantial service tax charges is questioning whether it can claim service tax credit despite temporarily halting operations. The query seeks clarification on whether service tax should be availed first and then utilized, or if it can be directly utilized. One respondent suggests that credit can be availed and returns filed regularly, allowing utilization once operations resume. Another respondent finds the query too vague for a proper response.