Input cenvat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2013
A Mfg. Company has paid cenvat in Aug 2010 on a/c of import material outside india. But forgot to claim as input credit in RG Register. In Jan 2012 company took credit itself in its books. Kindly suggest is it possible?
16 March 2013
Yes you can take the cenvat credit in 2012.
Message likes :
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16 March 2013
Yes, you can take the cenvat credit as because there is no where mentioned in the cenvat credit rules regating the time limit in which he has to take the cenvat credit.
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17 March 2013
YES, CENVAT CREDIT CAN BE TAKEN IN PRESENT BUT ENTRY OF GOODS RECEIVED MUST BE ENTERED IN YOUR RG23APT-1 ON ACTUAL DATE OF RECEIVE OF THE GOODS.
FURTHER, THIS IS MY PERSONAL OPINION THAT YOU SHOULD INTIMATE TO DEPARTMENT FOR IT BY GIVING A REASONABLE CAUSE THAT CAN BE "AS COPY OF INVOICE WAS MISPLACED. HENCE MODVAT COULD NOT BE TAKEN AT THE TIME OF RECEIVE OF THE GOODS". BY DOING SO, AUDITORS WILL NOT OBJECT UPON IT.
If you are satisfied, please click on "Thank User"
Thanks.
Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. no. +91 7500802402
FURTHER, THIS IS MY PERSONAL OPINION THAT YOU SHOULD INTIMATE TO DEPARTMENT FOR IT BY GIVING A REASONABLE CAUSE THAT CAN BE "AS COPY OF INVOICE WAS MISPLACED. HENCE MODVAT COULD NOT BE TAKEN AT THE TIME OF RECEIVE OF THE GOODS". BY DOING SO, AUDITORS WILL NOT OBJECT UPON IT.
If you are satisfied, please click on "Thank User"
Thanks.
Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. no. +91 7500802402
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