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cenvat credit on service tax

Service Tax - Started By: - ashish yadav - Dated:- 27-9-2016 Last Replied Date:- 29-9-2016 - Dear SirKindly reconfirm once again there are certain Invoice raised by thelabor contractor and security as they were provided service to ourexcise unit at Tarapur the invoice dated 2/4/2015 and the paymentof service tax paid by us in the Month of Aug-2016 along with theInterest. The same can be taken credit in our excise book.This is because of one year period of date of invoice or date of payment ? - R .....

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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 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 .....

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