Time Limit for availing cenvat credit, Service Tax

[anil]

sir, please tell us about the time limit for taking cenvat credit if we forget during the month of input service received and paid on output full amount via challan.

Posts / Replies

[Surender]

There is no time limit for cenvat credit has been prescribed. You may avail the credit within the reasonable time period in the next tax period.

[RAJENDRA KHANDELWAL]

I am strongly agrred with the opinion of learned brother Mr. Surinder. In this connection I would like to add one more thing that any unutilised Cenvat Credit should be disclosed in your balance sheet at the end of the year as Cenvat Credit recoverable account so as to strong your credit claim.

[Mangesh Lokre]

There is no time limit for cenvat credit has been prescribed