ccr if not claimed before

[Pradeep Kumar]

Dear Sir

in the bill of cartage inward (via air) service tax charged by the transporter from company, however company erroneously booked the entire value in cost and no ccr claimed for the same and that invoice belongs to nov,13 month. now my question is wheather company can clain the ccr by correcting the entry bcoz company has filed return of income till december.

please give ur suggestion

regards

pradeep kumar

AI Summary

Cenvat credit eligibility: correcting entries permits claiming credit if conditions are met, but may require reversing income tax deductions.
If the assessee satisfies the conditions of an input service under Rule 2(l) of the CCR, 2004, the accounting entry may be corrected and Cenvat credit availed because there is no time bar under central excise for taking credit. However, where the amount was already claimed as an expenditure for income tax purposes, the taxpayer must reverse or adjust income tax records to avoid double benefit, and tax authorities may be notified to prevent duplication of advantage.