Sir , can we take cenvat credit of 2008 year invoice in 2014 year in the month of August.

[Guest]

Sir ,

can we take cenvat credit of 2008 year invoice in 2014 year in the month of August.

regards,

Pawan

AI Summary

Claiming CENVAT Credit for 2008 Invoice in 2014 May Be Limited by 5-Year Rule and Accounting Treatment A participant inquired about claiming CENVAT credit for a 2008 invoice in August 2014. A consultant responded that eligibility depends on the invoice's accounting treatment in 2008. If accounted with gross value, credit cannot be claimed due to potential benefits under the Income Tax Act. If net of excise duty, credit may be possible following CENVAT rules. The consultant noted no specific notification allows credit for such old invoices, but judgments suggest a reasonable time is generally 1-2 years. Another contributor mentioned a 5-year limitation under central excise law, advising against claiming credit beyond this period.