TaxTMI 
TaxTMI 
Availment of cenvat credit on advance payment of input service
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....vailment of cenvat credit on advance payment of input service<br> Query (Issue) Started By: - vishal Dated:- 28-8-2007 Last Reply Date:- 3-9-2007 Service Tax<br>Got 3 Replies<br>Service Tax<br>whether....
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.... the assessee can avail cenvat credit on advance payment of input service without receving the input service ? Reply By Surender Gupta: The Reply: Yes, there is no restriction in the Cenvat Credit ru....
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....les for avaiing cenvat credit on advance payment. Reply By A.K.Sharma: The Reply: Practically Service Provider is supposed to issue a Invoice for the service rendered on the strength of which cenvat c....
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....redit is taken. Unless service is delivered , service provider cannot issue such Invoice, as such , Cenvat Credit cannot be taken unless service is received. Reply By sudhir V S: The Reply: yes credi....
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....t 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....
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.... be availd.<br> Discussion Forum - Knowledge Sharing ....