Cenvat credit

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GAURAV TANWAR (Querist)
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28 March 2012 Dear Experts
Can u tell me, can a service provider claim cenvat credit of previous quarters (all quarters are of one financial year for which the cenvat credit has to be claimed) in the last quarter of the financial year?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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28 March 2012 Yes, the CENVAT credit can be claimed in the last quarter.

If an assessee has forgot to book CENVAT credit, then he can book the same subsequently as CENVAT credit does NOT lapse.

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GAURAV TANWAR

GAURAV TANWAR (Querist)
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29 March 2012 Thank you Sir

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