Respected Seniors & Friend I want ur suggestion regarding the cenvat Credit rules 2014 which is Applicable from 01.09.2014.The notification is described are as follows"
"Amanufacturer or a service Provider shall take credit on input and input services within a period of six month sfrom the date of issue of invoice , bill or challans. Presently there is no such type of time limitation".
So my Queries is if the service provider is not making payment of a bill on which service tax is applicable with in a period of six moths because of any reason then wether he will he will loose his credit or i m interpreting wrong,
Please correct me if i m wrong. Please give ur valuable Suggestion as soon as possible.
CAclubindia
