Input credit

This query is : Resolved

VARUN.C.DAS

VARUN.C.DAS (Querist)
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10 August 2010 Dear all,
In my company input credit is not availed for so many bills pertains to previous year
the bill date from 01-04-09 to 31-03-10 can i availed/take credit for th same in this year/
all are unknowingly omited

VINOD ARORA

VINOD ARORA (Expert)
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10 August 2010 There is no bar on availing/claiming the same now, however you have to see that it would entail revision of accounts for last year, since these eligible input credit amounts were incorporated in the cost.

This may be done within the time allowed for revision of return.

VARUN.C.DAS

VARUN.C.DAS (Querist)
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10 August 2010 Thanks sir
What is the time limit to rivision of return

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