Cenvat credit admissibility
Pawan (MT) (65 Points)
24 November 2015Pawan (MT) (65 Points)
24 November 2015
Pranshu Bansal
(CA Industrial Trainee)
(74 Points)
Replied 26 November 2015
As per decision of Guj. HC in Cadila Healthcare expenses directly relating to manufacture before pre-operation stage can be taken.However, Cenvat credit is admissible only within 1 year from the date of invoice.
Niraj Kumar Sinha
(Sr. Officer, SPSIL)
(648 Points)
Replied 26 November 2015
You can avail CENVAT CREDIT right now (within one year of issued of invoice) and utilise whenever you want . There is no time limit for utilisation of CENVAT Credit.
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