Cenvat credit

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nutan kumar jain (Querist)
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18 April 2015 Dear Sir,
Pl let me know the accounting treatment of reversal of cenvat credit due to lapse of cenvat credit availment time.
and what will do if opening credit reversed due to lapse of time.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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18 April 2015 it wil b expnesed if related to consumbales

nutan kumar jain

nutan kumar jain (Querist)
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18 April 2015 in which head we will book as expensed either cenvat credit or in related expenses.
we are giving output service then can we book as expense.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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18 April 2015 in mah view if the credit cant b utlisied any more... there is no other option than this

lets wait for some more expert views...

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