Users plz tell me that, for how long (what time) i can use the cenvat credit?
tarun sharma (Articleship) (24 Points)
09 December 2011Users plz tell me that, for how long (what time) i can use the cenvat credit?
Vasu S
(Officer Commercial)
(75 Points)
Replied 09 December 2011
in my view,
No time limit for avail and utilisation of cenvat credit
CA Bhavik Dave
(AM-Finance & A/c)
(68 Points)
Replied 09 December 2011
CENVAT credit works on Bank pass book concept and there is no time limit. Any untilised balance in CENVAT credit can be c/f till the business discontinue.
CA Devender Chauhan
(Group Financial Accountant)
(1526 Points)
Replied 09 December 2011
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 12 December 2011
No limitation applies to cenvat cerdit already taken.
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