04 April 2011
In the books of accounts expenses was booked on 31/03/10. The bill date of it was 15/02/10. But the payment for the same was done on 04/04/11. Can Service Tax credit on this bill be availed as the bill was booked one year back but the payment was done today?
05 April 2011
Yes, You are eligible to avail credit in month of April'2011. and onwards. There is no time limit to avail cenvat credit. if there is proper recording with documentary evidence.
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