Subscribe to CCI PRO and support your CAclubindia community. Click Here!

Availment and utilzation of cenvat credit

24 January 2016

Hello friends, We have two bills dated 31.03.2009 and wanted to avail cenvat credit on same. can some body tell me guidelines on availment of cenvat credit.

Reply
Follow
Share

4 Replies

satya (Executive Excise) (1839 Points)
Replied 25 January 2016

Hi,

Prior to Sep'2014 it may possible, after the 1-Sep-2014 Cenvat Credit availment rules modified to 6 months w.e.f.date of Invoice. in current Mar'15 again it is increased to 1 year.

fyi

Upgrade to CAclubindia Pro. Subscribe Now!

Ca Joginder (39 Points)
Replied 31 January 2016

Is it possible to take cenvat credit of old dated document like 2009 document in 2016.

Madhukar N Hiregange (Chartered Accountant) (39039 Points)
Replied 05 February 2016

The provisions earlier was "immedoiately". However interpreted as -open. Even 6 years old held valid if otherwise valid.

As mentioned now provision for inputs / input service is from 1 yr of valid doicument (BOE) however interestingly capital goods have not been covered here.