Previous period availment of cenvat credit

[Asked by 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

Time limit for CENVAT credit restricts retroactive claims; invoices older than the cutoff become ineligible after the effective date.
A proviso effective 1 September 2014 bars taking CENVAT credit after six months from the date of supporting documents; therefore invoices older than the six month retrospective window must have their credit availed on or before the day before the proviso's commencement or they become ineligible thereafter. Taxpayers must ensure invoice dates fall within the permitted backward-looking period when taking credit on or after the effective date; no extension was indicated.