Time Limit to Utilisation of Cenvat Credit

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

14 April 2010 Is there is any time limit for utilisation of Cenvat Credit received on Input and Capital Goods

sachin alwadhi

sachin alwadhi (Expert)

14 April 2010 yes,for input immediately and capital goods 50% in current year&50% in next financial year.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)

14 April 2010 Excise credit on input can be taken immediatley and on capital goods, it is 50% in current year and 50% in next finanical year.
But there is no limit on utilization of cenvat credit. You can utilize it any time as and when you required it.

sachin alwadhi

sachin alwadhi (Expert)

15 April 2010 yes agree with MR.bansal.because there is differences between take and utilisation.

Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2010 Thanks

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now