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TIME LIMIT FOR CENVAT CREDIT UNDER RCM

Service Tax - Started By: - Ramachandran Chandru - Dated:- 8-12-2016 Last Replied Date:- 28-4-2017 - Per CENVAT Rule 2004, time limit for taking credit is one year from the the date on which the Invoice is received from the Supplier. Whether this one year time limit for taking CENVAT credit is applicable for tax paid under reverse charge mechanism also. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = There is no specific rule for taking credit for taking CENVAT credit in respect of RCM but some .....

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AT Credit in respect of any of the document issues under Rule 9. In case of reverse charge, CENVAT Credit is admissible on the basis of TR-6 challan as and when the tax is paid. Hence, period of 1 year commences from the date of payment of Tax under reverse charge. Furthermore, where the Service Tax has been paid under reverse charge and CENVAT Credit has been availed within a period of 3 months from issue of invoice date, but the payment has not been made within 3 months, CENVAT Credit needs to .....

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