TMI Blogcenvat credit on service taxX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir Kindly reconfirm once again there are certain Invoice raised by the labor contractor and security as they were provided service to our excise unit at Tarapur the invoice dated 2/4/2015 and the payment of service tax paid by us in the Month of Aug-2016 along with the Interest. The same can be taken credit in our excise book. This is because of one year period of date of invoice or date ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of payment ? - Reply By MARIAPPAN GOVINDARAJAN - The Reply = CENVAT credit can be taken within one year from the date of invoice provided the payment is made. In your case your invoice date is 02.04.2015. The date of payment is August 2016. Hence more than one year has been lapsed. You cannot take credit on service tax and utilize the same. - Reply By ashish yadav - The Reply = dear sir, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it is cenvat its service tax. - Reply By Rajagopalan Ranganathan - The Reply = Sir, For taking cenvat credit it shall be taken within one year from date of invoice. Payment of the bill raised by the service provider is not the criteria for taking credit. If you avail the credit of service tax paid by the service provider and if you do not pay the bill within 3 months from date of receipt of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the bill then you have to reverse the credit taken and you can take back the credit after making payment to the service provider. In your case the date of invoice is 02/04/2015 and since one year has already elapsed on 02/03/2016 you are not eligible to take the credit. - Reply By YAGAY AND SUN - The Reply = We also have the same opinion on this matter that beyond the prescribed time limit, CEN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... VAT credit would not be allowed. - Reply By Ganeshan Kalyani - The Reply = I also of the opinion as expressed by Experts. In my view if the amount is substantial then you must write to the authority. The time limit provided is for the purpose of bringing discipline amoungst the dealer. You must make a try. - Reply By CA Venkata prasad Pasupuleti - The Reply = Dear sir, If the service tax on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... security/labour contractor is paid under reverse charge (i.e. by service receiver directly to government) then time limit for availing credit is starts from the date of service tax payment (challan date) irrespective of vendor invoice. You can take credit however in case service tax is paid to vendor, i agree with above views expressed. - Reply By Ganeshan Kalyani - The Reply = The time limit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is from the date of invoice in case service tax is charged by service provider on the invoice. - cenvat credit on service tax - Query Started By: - ashish yadav Dated:- 27-9-2016 Service Tax - Got 7 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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