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?
CA Sanat Pyne
(Expert)
13 August 2010
CENVAT CREDITSHOULD BE TAKEN AT THE TIME OF RECEIVING THE BILL .
CA.ViVeK M ACA
(Expert)
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
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
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
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
