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

[Madhukar N Hiregange]

Credit can be availed and retruns filed regularly. Once operations start then the same can be utilised.

[Ravi Chopra]

I think your query is vague enough for getting proper reply.

AI Summary

Service tax credit availability: credit can be availed and returns filed, with utilisation deferred until operations resume. Whether a business that has not taken registration but has incurred expenses on which service tax was charged may claim and utilise input credit when operations are temporarily suspended; guidance states service tax credit may be availed and returns filed regularly and the credit can be utilised once operations resume.