Query regarding availing & utilization of cenvat credit afte


We have received the bill from party after 180 days of invoice date  and the party has also paid the tax of that invoice, can we avail ITC for the said bill after 180 days & utilize it?

In above case we have not availed & utilized ITC within 180 days is there any chances of interest & penalty to me for availing & utilizing the amount after 180 days.

 
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