Amendmend in cenvat credit by budget 2014
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2014
Kindly explain whether as per ammendmends in Rule 4(1) and Rule 4(7)of CCR 2004, Cenvat Credit on invoices issued by practising C.A. before 01st September 2014 shall be availed & utilised within 6 months?
23 July 2014
1)First of all,Note that time limit is only for ‘taking credit’.
2)There is no time limit for utilisation of Cenvat Credit. Once you ‘take’ Cenvat credit in your records, you can utilize it any time without any time limit.
3)As far as taking cenvat credit is concerned
.
.
You better have a look on all invoices before 01.09.2014 and take it to your cenvat records
2)There is no time limit for utilisation of Cenvat Credit. Once you ‘take’ Cenvat credit in your records, you can utilize it any time without any time limit.
3)As far as taking cenvat credit is concerned
.
.
You better have a look on all invoices before 01.09.2014 and take it to your cenvat records
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Itr 1 processing
- ITR validation error - Balance sheet is not filled
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
