TaxTMI 
TaxTMI 
Sir ,
can we take cenvat credit of 2008 year invoice in 2014 year in the month of August.
regards,
Pawan
Sir , can we take cenvat credit of 2008 year invoice in 2014 year in the month of August.
23 Aug 2014 
4 Replies 
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CENVAT credit depends on invoice accounting treatment and adherence to procedural rules; avoid claims beyond limitation.
CENVAT credit availability depends on the invoice accounting treatment and compliance with CENVAT Credit Rules; if recorded gross with income tax benefit, credit is barred, whereas net of duty accounting may permit credit after following procedural rules. Judicial views treat "immediate" as allowing reasonable time (commonly one to two years), but the statutory limitation period under central excise law serves as a practical outer bound, making claims beyond it inadvisable. (AI Summary)
CENVAT credit availability depends on the invoice accounting treatment and compliance with CENVAT Credit Rules; if recorded gross with income tax benefit, credit is barred, whereas net of duty accounting may permit credit after following procedural rules. Judicial views treat "immediate" as allowing reasonable time (commonly one to two years), but the statutory limitation period under central excise law serves as a practical outer bound, making claims beyond it inadvisable. (AI Summary)