06 December 2010
There is no time limit for taking credit. You can take credit in the current month, in the same way you are taking credit on current invoice. The issue has been settled in Johnson Matthey [2009 (240) ELT 673], Coromandal Fertilisers [2009 (239) ELT 99]. P&H High Court has approved the view in Industrial Cables [2009 (236) ELT 658].