cpc

cenvat credit

Chartered Accountant

hi

i am a student of ca

in case cenvat credit of march 2012 is not availed till june 30 2012, is there any legal way of availing the same in july or thereafter?

what is the state of such unavailed cenvat credit?

 
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A/c Officer

you can take thecenvat credit on july month. There is no time limit prescibed y the excise authority now a day for availing the cenvat credit.

You can take the cenvat credit of a earlier bill also


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Chartered Accountant

thanks for the reply,

does the same apply to cenvat credit under composition scheme for construction business?

also, is there not a rule that input tax credit of a financial year shud be set off within 90 days from the ed of the accounting year?

pls brief me with suitable links from past cases

 
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