POINT OF TAXATION

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....OINT OF TAXATION<br> Query (Issue) Started By: - RAHUL MALHOTRA Dated:- 4-7-2013 Last Reply Date:- 6-7-2013 Service Tax<br>Got 2 Replies<br>Service Tax<br>Hi My question is regarding Rule 7 of Pot Ru....

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....les. As per amended Rule 7 if in previous year quantum taxable services were less than 50lacs than one can pay service tax liability on cash basis irrespective of service provided. Now my question is ....

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....if I am paying service tax on cash basis, could I take benefit of input cenvat credit on accrual basis?? Regards Rahul 09810267888 Reply By Rama Krishana: The Reply: The provisions regarding paym....

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....ent of duty on service tax and the provisions for availing cenvat credit are two differnt set of rules. The option to pay service tax on cash basis instead of accural basis has nothing to do with the ....

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....matter in which cenvat credit is availed as per rule 4(7) of Cenvat Credit Rule, 2004. You may continue to avail cenvat credit on accrual basis as long as you satisfy the conditions of rule 4(7) of CC....

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....R. Reply By RAHUL MALHOTRA: The Reply: Thanks<br> Discussion Forum - Knowledge Sharing ....