Service tax input

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Querist : Anonymous

Querist : Anonymous (Querist)

27 January 2016 Is there any time limit for claiming service tax input ? Any notification for the same ?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

27 January 2016 Notification No. 21/2014-CE (NT) dated 11.07.2014 (Applicable w.e.f September 1, 2014), amended Rule 4(1) [for Inputs] and Rule 4(7) [for Input services] of the Credit Rules in order to fix a time limit of 6 months from the date of issue of any of the documents specified in Rule 9(1) thereof, for availment of the Cenvat credit.

Ganeshbabu K

Ganeshbabu K (Expert)

27 January 2016 Yes.specified time limit is only for availement of servicetax which is 6 months as explained in above reply.
However once you have availed in service tax return you can utilise this input at any time-no timelimit for utilisation/claiming of inputcredit.

Querist : Anonymous

Querist : Anonymous (Querist)

27 January 2016 Thank you sir... But is there any notification in March stating that the six months period has been increased to 1 year ?

Ganeshbabu K

Ganeshbabu K (Expert)

28 January 2016 Yes.You are correct.Increased to 1 year w.e.f. 01.03.2015.
Rule 4 is ammended.
The amendment has been made vide Notification No. 6/2015-CE(NT) dated 1.3.2015 w.e.f. 1.3.2015 wherein the words ‘six months’ have been substituted by words ‘one year’ in third proviso of Rule 4(1) of Cenvat Credit Rules, 2004.

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