From when can Cenvat Credit be availed? - Professionals - GST - TIK Share
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From when can Cenvat Credit be availed?


Kamaldeep Singh

2014-10-27

Hey guys!

Kindly guide from when can one avail cenvat credit in the following case. A person got registered in service tax on 24/07/2014, when his gross t/o crossed 9 lacs on 13nth jun 2014. He had started collecting service tax on output services from 18/06/2014 as he crossed the 10 lacs barrier on the same day. The busines started on say 01st apr 2014. He has been paying service tax on fixed input services regularly every month from 1st apr 2014 say rs. 50000 p.m. on rent. How much can he avail as service tax cenvat credit. Is this to be availed on prorata basis for 12 days?

Thanks.

 

CA Pulkit Sharma

2014-10-29

I think input is to be taken for whole month on the rent invoices received after once he started charging service tax.

I need to check the rules and update soon, once i resume the office.

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Kamaldeep Singh

2014-11-10

Thanks bro! I too am trying to find it in the rules. Since, I dont practice Service Tax it is taking time.

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