Time limit for taking and utilizing cenvat credit
This query is : Resolved
14 November 2014
Dear Sir,
I am from newly Register private limted Company
Our Company was registered with Central Excise on 23-12-2013.
After that we purchased Plant, Machineries and Raw materials (from 01-01-2014 to 31-05-2014)
We entered the above inward materials in RG-23 A & C (Part-I) Register correctly.
But we did not take credit and not maintain RG-23 A & C (Part-II) Register.
We file NIL RETURN from DEC-2013 to OCT-14.
Till Date (13-11-2014) we are not start Production and Clearance activities.
My query is
TIME LIMIT for TAKING and UTILIZING CENVAT CREDIT IS APPLIED for us
With thanks and regards
I am from newly Register private limted Company
Our Company was registered with Central Excise on 23-12-2013.
After that we purchased Plant, Machineries and Raw materials (from 01-01-2014 to 31-05-2014)
We entered the above inward materials in RG-23 A & C (Part-I) Register correctly.
But we did not take credit and not maintain RG-23 A & C (Part-II) Register.
We file NIL RETURN from DEC-2013 to OCT-14.
Till Date (13-11-2014) we are not start Production and Clearance activities.
My query is
TIME LIMIT for TAKING and UTILIZING CENVAT CREDIT IS APPLIED for us
With thanks and regards
14 November 2014
Sudarshan ,
You filed nil return means no cenvat is shown in ER / service tax return.
currently for taking cenvat credit 6 month criteria is applicable.
for Utilizing cenvat credit there is not time limit.
You filed nil return means no cenvat is shown in ER / service tax return.
currently for taking cenvat credit 6 month criteria is applicable.
for Utilizing cenvat credit there is not time limit.
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