When can Cenvat Credit in respect of Input Services be availed...??? Is ther any restricions or timelimit on availing the same...!??
Kidly revert asap
satya
(CHARTERED ACCOUNTANT)
(42 Points)
Replied 07 February 2011
Hey,
When ever Invoice and service tax on that,remitted to party, we can avail the Input of service tax.
SAMEER
(CHARTERED ACCOUNTANT)
(304 Points)
Replied 07 February 2011
hello
Availment of Cenvat credit should be on receipt of bill; after making payment thereof it can be utilised, however there is no time limit for carrying forward of Cenvat credit until business continue.
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