UPTO WHAT PERIOD CAN WE TAKE CENVAT CREDIT INPUT

  • Question
  • Updated 3 years ago
  • Answered
WE HAVE CREDIT FROM 2006-07, 2007-08, 2008-09 2009-10
CAN WE TAKE CREDIT IN CURRENT PERIOD
chandramohan@jayemauto.com
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cmohan1972

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Posted 3 years ago

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CA Khanjan Chhaya

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Hi,

No time limit is stipulated under the provisions of the CENVAT Credit Rules, 2004. Hence, you can take credit of earlier years provided you have tax invoices and the inputs are directly or indirectly utilized for manufacturing of the taxable finished product.