Cenvat credit

This query is : Open

Senthil Kumar (Querist)
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25 June 2015 We are manufacturing drugs and paying excise duty. We missed to avail service tax input for the year 2013-14 and 2014-15. We had availed upto 2012-13.
Since the time limit is fixed as 6 months and 1 year in 2014 and 2015 budget respectively, we could claim service tax input only from June 2014.
Since it is a huge sum, we are willing to avail.Is there any option to claim input from April 2013 to May 2014?

Arun Kumar Singh

Arun Kumar Singh (Expert)
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06 July 2015 Now, with extension of time limit for availment of Cenvat credit from 6 months to 1 year w.e.f 1st March, 2015, the same issue may still crop up again as to whether the Assessee would be eligible avail Cenvat credit on Invoices issued prior to March 1, 2015 for which time period of 6 months expired but 1 year period is open on March 1, 2015.

Senthil Kumar

Senthil Kumar (Querist)
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06 July 2015 Thanks for your reply.

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