Cenvat credit time limit
Raj
(Querist) 12 December 2014
This query is : Resolved
Dear sir, please clarify the following case.
A manufacturer paid service tax from July 2012 onwards under reverse charge machanism(partial liability) and 100% serive tax liability of service receiver. From July 2012 onwards they not take cenvat credit against the excise duty liability.
Now i.e December 2014 can they take credit or not ?
any impact of notification no.21/2014 dt.11.07.2014.
If it is possible or not ?
If possible under which proviso.
If not possible what about the service tax paid amount
will expecting your valuable reply
S.Raj
Raj
(Querist) 14 December 2014
thank you for your valuable reply
T. Kalaiselvan, Advocate
(Expert) 15 December 2014
The local tax consultant will be the best person to advise you properly n the issue understanding the problem by seeing all those relevant documents related to the issue.
Raj
(Querist) 16 December 2014
Yes Kalaiselvan Sir,
I discussed with a consultant. He said to take credit, the rule w.e.f. 01.09.2014.
But Govt Authorities said not eligible to take credit.
meantime some govt authority said take credit will fight laterally and rule applicable 01.09.2014.
My doubt is
can we take credit but not utilize the credit against duty. Is it possible.
any impact of rule 14 and 15 of CCR,2004
kindly clarify sir.
malipeddi jaggarao
(Expert) 16 December 2014
Contact the concerned Central Excise Department for clarification.
