CA J.Alamelu lakshmi (Chartered Accountant) (852 Points)
30 July 2014A Service Receiver paid Service Tax on Works Contract on partial reverse charge basis for FY 2012-13 and FY 2013-14 togther with Interest on 31/3/14. The amount comes to around 2 lacs.
From April 2014, he claims the above amount paid against his ST liability as a service receiver.
Still there are amounts unexhausted from the Input credit available of Rs.2 lacs. Is there any time limit before which it has to be claimed or no limit as in case of normal cenvat ?
Hari
(CA)
(73 Points)
Replied 30 July 2014
CENVAT credit shall be availed in the current return, it can be carried forward utilised for future periods. In my opinion there is no time limit specified for utilisation of available credit.
kumar hattanna
(Officer - Excise)
(525 Points)
Replied 30 July 2014
From September onwords input credit must be availed with in 6 months from the date of invoice.
Condition is : 6 Months
kumar hattanna
(Officer - Excise)
(525 Points)
Replied 30 July 2014
From September onwords input credit must be availed with in 6 months from the date of invoice.
Condition is : 6 Months
Notification No. 21/2014-Central Excise (N.T.)
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