Service Tax Credit of Partly Paid Invoice

Share This Thread
  1. dilipkumar

    dilipkumar New Member

    Can credit be claimed for service tax on partly paid invoice?
  2. Raunak Gupta

    Raunak Gupta New Member

    As per the current law, service tax is payable on Invoice basis and not on Payment Basis. So if seller has deposited the full amount of service tax with the department, then you can claim the amount of ST, irrespective of the fact that partial amount is still due on the invoice.

    (Note that if there is no intention to pay the balance amount, then the invoice should be revised and ST shall be adjusted accordingly.)
Draft saved Draft deleted
Similar Threads Forum Date
Input Tax Credit - Interior Decorator's services GST Jun 23, 2017
Input Credit on Service Tax for Repairs and Maintanance of Motor Vehicles GST Apr 6, 2017
Service tax Input Credit GST Apr 4, 2017
Service TaxInput credit for expenses like rent and telephone expenses GST Mar 29, 2017
Service Tax Credit Summary GST Dec 17, 2016