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UTILIZATION OF CENVAT CREIT OF ST AND ED BEYOND 6 MONTHS AND 1 YEAR

Central Excise - Started By: - prathit maini - Dated:- 24-7-2015 Last Replied Date:- 20-8-2015 - DEAR SIR ,PLZ GUIDE ME WHETHER WE CAN AVAIL CENVAT CREDIT OF EXCISE DUTY AND SERVICE TAX BETWEEN PERIOD DATED 1-SEP-14 TILL 31-MARCH -15 OF INVOICES WHOS .....

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1.3.2015. - Reply By prathit maini - The Reply = BUT WHAT ABOUT INVOICES DATED BETWEEN 1 SEP 14 TILL 31 MARCH 15 - Reply By PARTHASARATHY V - The Reply = Hi Prathit MainiThere is a condition for taking Cenvat Credit (within one year form the date of .....

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sh Goyal - The Reply = Dear Prathit, For the invoices raised up to 28th February 2015, the time limit of six months will apply. For invoices raised on or after 1st March 2015, the time limit of one year will apply. As pointed out by Mr. Prathasarathy .....

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e liability of excise / service tax. Further regarding the restriction on utilization of cess. In case the output liability is of excise, the cenvat credit of cess on inputs and input services received prior to 01st March 2015 (and not 31st March 201 .....

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will be capable of being utilized till this date, post which the credit cannot be utilized as there will be no output liability of cess. Cess charged on inputs/ input services received post 1st March 2015 (in case of manufacturers) is eligible as per .....

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wherein demand gets raised on assessment / audit or any other reason, then you may be able to utilize the balance credit, subject to fulfilment of all other conditions. Thanks & Regards CA Yash Goyal - Reply By prathit maini - The Reply = Thanks .....

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