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EXTENDED TIME FOR CENVAT CREDIT

Service Tax - By: - Dr. Sanjiv Agarwal - Dated:- 26-3-2015 Last Replied Date:- 27-3-2015 - Change w.e.f. 1 September, 2014 Vide Notification No. 21/2014-CE(NT) dated 11.07.2014, after the second proviso in Rule 4(1) of the Cenvat Credit Rules, 2004, .....

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cuments specified in sub-rule (1) of rule 9 . This proviso is effective from 1.09.2014. Earlier, there was no time limit on availment of Cenvat credit. The provisions of Cenvat Credit Rules, 2004 were amended whereby a manufacturer or a service provi .....

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ated prior to 01.09.2014 shall also be subject to such time restriction. For example, if Cenvat credit is not yet taken for a bill dated 01.07.2014, such credit could be availed only till 31st December 2014. Change w.e.f. 1st March, 2015 W.e.f. 1st M .....

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riod of six months from the date of invoice can now (w.e.f. 1.3.2015) be availed within a period of one year from the date of invoice . The amendment has been made vide Notification No. 6/2015-CE(NT) dated 1.3.2015 w.e.f. 1.3.2015 wherein the words & .....

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mendment made w.e.f. 1.9.2014 redundant because it would cover period of March to September 2014 also. Further, those who could not claim Cenvat credit of invoices issued prior to September, 2014 can now do so as the time limit has been raised from o .....

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