Previous period availment of cenvat credit

[Guest]

Dear Sir,

As per new notification 21/2014 the time limit for availment of cenvat credit is fix for 6 months which is effective from 01.09.2014 , but if we want to avail cenvat or service tax credit of previous period i.e before 01.09.2014 may be one year before then can we avail such cenvat or service tax credit in or after september 2014,please explain,

thanks and regards.

AI Summary

New Rule Limits CENVAT Credit Claims to Six Months from Invoice Date, Effective September 1, 2014. A discussion on a forum addresses the implications of a new notification, effective from September 1, 2014, which limits the availment of CENVAT credit to six months from the invoice date. Participants inquire whether credits for invoices dated before this period can still be claimed. Responses clarify that credits for invoices issued before March 1, 2014, must be claimed by August 31, 2014. There is also discussion about the possibility of an extension, but no indication of such from the authorities. The rationale behind the six-month limit remains unclear to some in the trade.