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Cenvat credit of previous year

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(Querist)
08 January 2010 Can cenvat credit of previous year can be taken in the current year?
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
08 January 2010 Cenvat credit is on goods received basis. you will take cenvat credit when you recd material.
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Sonal

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Sonal (Querist)
08 January 2010 Cenvat credit not taken in the previous year wrongly . can that be availed in the current year?
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
10 January 2010 Now balance sheet has been finalized so chapter is closed. if you will take cenvat credit in current year you will face technical prolems.

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