banner_ad

Service tax - cenvat credit - expiry period

Notifications 1453 views 3 replies

Dear Sir,

What is the time limit for take cenvat input credit ?

In my compnay we have balance in Cenvat Credit Rs.5,00,000 from last 4 years. Can we adjust the input credit for current month service tax payment ?

Can we adjust the SBC/KKC payment in Cenvat Input Credit Balance..?

 

Regards,

M.Shanmugasundaram

Replies (3)

HI, there is a time limit for availing the CENVAT credit which is 1 year from the date of invoice (prior to this there was a limit of 6 month). However once it is availed and showed in the service tax return, then there is no limit for utilisation, it can be carried forward to any years.

SBC paid on input services will be a cost since it will be not availble for cenvat credit.

KKC paid on input services will be claimed as cenvat credit against KKC liability on output services..

Hope above clarifies.

Service tax credit cannot be utilised against payment of SBC/KKC. Further, credit of service tax available as per return ( timely availed) can be utilised for payment of output service tax ... 

Thank You Very Much Sir


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details