Unpaid Input Service Tax in FY 2010-11, Service Tax

[Partha Sarkar]

I want to clarify can we carry forward input service tax for cenvat purpose in next year or reverse it in Profit & Loss Account. Explanation: All the input Service Tax which not paid upto March 2011 can be claimed in next year means 2011-12 . Thanks in advance

Posts / Replies

[CA Rachit Agarwal]

Cenvat Credit unutilized can be carried forward. There is no requirement for the reversal. Hence the amount can be claimed.

[Partha Sarkar]

Dear Mr Rachit

Pleast let me clear only the treatment of unpaid input service tax at the end(March end) of any financial year