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Issue ID : 516
- 0 -

Availment of cenvat credit on advance payment of input service

Date 28 Aug 2007
Replies3 Answers
Views 9357 Views
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whether the assessee can avail cenvat credit on advance payment of input service without receving the input service ?

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- 0
Replied on Aug 30, 2007
2. Yes, there is no restriction in the Cenvat Credit rules for avaiing cenvat credit on advance payment.
- 0
Replied on Aug 31, 2007
3. Practically Service Provider is supposed to issue a Invoice for the service rendered on the strength of which cenvat credit is taken. Unless service is delivered , service provider cannot issue such Invoice, as such , Cenvat Credit cannot be taken unless service is received.
- 0
Replied on Sep 3, 2007
1.

yes credit is possible. As per rule 4A of Service Tax Rules, the invoice has to be issue within 14days for provision of service or receipt of money which ever is earlier. hence based on such invoice credit can be availd.

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