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Input service tax

Vatsal (Student) (453 Points)

29 September 2016

If Input Service Tax Credit is not taken in 15-16 than can it be taken during 16-17 in the return??If Bill is Dated 31/10/15

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ANKUR TAH (Teacher Consultant and CA finalist.) (543 Points)
Replied 29 September 2016

with extension of time limit for availment of Cenvat credit from 6 months to 1 year (supra) w.e.f 1st March, 2015, the same issue may still crop up again as to whether the Assessee would be eligible avail Cenvat credit on Invoices issued prior to March 1, 2015 for which time period of 6 months expired but 1 year period is open on March 1, 2015.
So you can avail cenvat credit for the same.