St cenvat credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 February 2017 Dear Sir,
Pls clarify can we avail the ST cenvat credit of pervious FY in existing FY. I.e. mistakenly i had not availed the ST cenvat credit of telephone bill dated 10/3/2016. Can we avail cenvat for ST payment of quarter 1/1/2017-31/3/2017?

Regds
Anuj

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 February 2017 Yes it can be availed within one year.

Querist : Anonymous

Querist : Anonymous (Querist)

25 February 2017 Sir under which rule of cenvat credit it is allowed

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 February 2017 Rule 4(1) of CCR-2004.

The time limit of six months has been enhanced to one year with effect from 01.03.2015, vide Notification 6/2015 CE NT Dt. 01.03.2015.