Query

GOPAL AGARWAL (CA (FINAL) CS FINAL STUDENT)   (159 Points)

05 September 2014  

Respected Seniors & Friend I want ur suggestion regarding the cenvat Credit rules 2014 which is Applicable from 01.09.2014.The notification is described are as follows"

"Amanufacturer or a service Provider shall take credit on input and input services within a period of six month sfrom the date of issue of invoice , bill or challans. Presently there is no such type of time limitation".

So my Queries is  if the service provider is not making payment  of  a bill on which service tax is applicable with in a period of six moths because of any reason then wether he will he will loose his credit or i m interpreting wrong,

Please correct me  if i m wrong. Please give ur valuable Suggestion as soon as possible.