Cenvat credit on old bills.

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This query is : Resolved

PRANAY JAIN (Querist)

19 June 2016 We are in business of automobile retailing and service station; and are registered for "Business auxiliary service", we have received a bill from adverting vendor Dt: 09th Jan-16, (Advertising Agency Service), we paid him complete amount in Mar-16, but didn't claim the CENVAT credit in H2 return for FY 15-16, so now can we file a revised service tax return to claim this CENVAT credit. Suppose balance CENVAT credit is 10,000, so we have to show this balance amount as "Closing Balance of CENVAT credit" in Revised Service Tax Return.

Also please let me know the reference in Service Tax rules for the above as my service tax lawyer is not convinced.

Vipin Garg

Vipin Garg (Expert)

19 June 2016 Mr. Pranay..

"Changes in Rule 4 of Cenvat Credit Rules, 2004: - Cenvat credit shall now be taken within one year of the issue of any documents specified in Rule 9(1) of the Cenvat Credit Rules, whereas, earlier, it was 6 months’. This change will come into effect from 1.4.2015."

PRANAY JAIN

PRANAY JAIN (Querist)

19 June 2016 Thanks for the reply, also confirm "Suppose balance CENVAT Credit is 10,000(not used in FY 15-16), so now we have to show this balance amount as "Closing Balance of CENVAT Credit" in Revised Service Tax Return."

Vipin Garg

Vipin Garg (Expert)

19 June 2016 Yes... You can show the balance of cenvat credit not used in the revised service tax return.

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