CENVAT Credit on Input Services

This query is : Resolved 

16 April 2010 Deal All

I wanted to know about CENVAT credit on Input Serivce which provided in the Month of March'10 but actual payment for the same made in the month of Apri'10, so can we take CENVAT credit in the month of March and what is the accounting Entry for the Same in Books.


Thanks a lot

16 April 2010 no.cenvat credit can be claimed only after payment.

in this case credit can be availed only in april



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