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Service tax cenvat credit

vishal srivastav (ca final) (62 Points)

08 May 2016

Is there any time limit defined for utilisation of Service Tax cenvat credit.

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Mir Irshad Ali (Partner) (192 Points)
Replied 08 May 2016

There is no time limit defined under Cenvat Credit Rules, 2004 for utilisation of Service Tax cenvat credit. There is time limit for availment of Cenvat Credit either on inputs, Capital Goods or Input services - Credit is to be availed within one year from the date of Invoice/Bill/Challan etc.

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CA Akhil Goyal (Practising Chartered Accountant) (82 Points)
Replied 08 May 2016

There is no time limit for utilization. you can carry forward cenvat credit for future years.

CA ABHAY GUPTA (Practice) (3230 Points)
Replied 08 May 2016

from 1st March 2016 the CENVAT credit can be availed with in a year from the date of invoice/bill/challan... earlier wef 1st sept 2015 it was 6 months...before 1st sep 2015 there were no time limit specified to avail the CENVAT...

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