Availment of cenvat credit beyond 6 months

[SANDESH SHINDE]

Dear Sir,

We are registered as a Input Service Distributor and if we had availed credit of invoices say of April , May, June 2014 not purposely beyond 6 months then what will be the consequences,please explain,thanks and Regards.

AI Summary

Cenvat Credit Claimed After Six Months Is Ineligible; Must Be Reversed With Interest and Potential Penalties Under Rule 15. A query was raised regarding the consequences of availing Cenvat credit on invoices beyond the six-month period. The responses clarified that credit availed after this period is considered ineligible and must be reversed with interest. Additionally, penalties under Rule 15 of the Cenvat Credit Rules, 2004, may apply. If such credit is distributed to other units, it must also be recovered with interest and penalties, including personal penalties.