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CENVAT Credit

This query is : Resolved 

13 August 2010 Is CENVAT Credit to be taken at the time of receiving bill from party or at the time of making actual payment only?

13 August 2010 CENVAT CREDITSHOULD BE TAKEN AT THE TIME OF RECEIVING THE BILL .

13 August 2010 For claiming cenvat credit you are required to produce the orginal invoice. So credit need to be taken if and only if you had received the invoice from the party.

If you had made the payment but the invoice is pending to receive then wait for claming the credit up to receiving the invoice

13 August 2010 Cenvat credit in case of service tax should be taken only after payment is made.
and as rightly pointed out by vivekji u need to get invoice and then only u can take credit even if payment is made

in simple terms it is the payment or receipt of bill whichever is later


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