Can cenvat credit of previous year can be taken in the current year?
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14487 Points)
Replied 08 January 2010
Cenvat credit can avail up to six month.
Sonal
(CA Final)
(382 Points)
Replied 08 January 2010
Is it mean that after 6 mths of bill booking it cant be availed?
Amir
(Learner)
(4016 Points)
Replied 08 January 2010
Dear Sonal anfd Ram Avtar,
Can u plz tell me in which provision it is written that Credit cannnot be taken beyond 6 months.
Arun Kumar Singh
(GST Advocate)
(15188 Points)
Replied 09 January 2010
Yes, cenvat credit can be taken any time, after 3 or 4 years. But refund claim u/s 11B has to be filed within one year from the relevant date.
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 11 January 2010
The normal time within which it is recommended to avail credit is 1 year. However statutarily there is no time limit for credit availment. You can avail the pr yr credit in this month.
GURU PSD NAUDIYAL
(Taxation)
(22 Points)
Replied 01 April 2012
Please tell about amortisation sale value, should we show this sale value in E.R. 1, or it is not mandentary ???
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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