Cenvat credit on capital goods

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This query is : Resolved

vijay mariyala (Querist)

17 June 2016 Hi all,

Our company has not availed CENVAT credit on capital goods which were purchased 30-09-2014, can we claim CENVAT credit as a whole in current year or eligible for balance 50% or not eligible to total CENVAT credit as it exceeds 6 months from the date of invoice?

Thanks and regards,
Vijay Mariyala

Rupesh Jain

Rupesh Jain (Expert)

17 June 2016 you cannot take cenvat credit its old more than 6 month pls see

Provided also that the manufacturer or the provider of output service shall not take CENVAT credit after six months of the date of issue of any of the documents specified in sub- rule (1) of rule 9.” - See more at: https://taxguru.in/excise-duty/time-limit-claiming-cenvat-credit-major-implication.html#sthash.KRj7WfGC.dpuf

Message likes : 1 times

vijay mariyala

vijay mariyala (Querist)

18 June 2016 Hii Sir..
Thanks for your reply..
Is this provision applicable for Inputs goods and services or capital goods too??
Even balance 50% cannot be claimed in the FY 2015-16??

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