Service tax

Querist : Anonymous (Querist) 12 April 2010 This query is : Resolved
Dear sir

We are an private NBFC compnay, we did professional service to another private ltd company and raise an Invoice in the mid of Dec'09 with Serive tax. this is out first invoice for the professional service We registered our company under service tax act by mid of Jan 10. We took input credit to match the output credit in themonth of Dec 09. Is this in correct. Is there any penal clause attarcts for this. If yes how much we should pay to condne this

Kindly reply

thanks

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