Dear sir,
As per Notification No.21/2014CE (N.T) Dt.11/07/2014 following provision shall be inserted with effect from 1st day of September 2014 'provided also that manufacturer or the provider of output service shall not take Cenvat Credit after six months of the documents specified in sub rule (1) of rule 9'
As my opinion all notifications with effect from prospectively
My query :- Can we take Cenvat Credit prior 1st september 2014 document ( for example for the month of May 2014 document) now we wanted to take credit for the month of January 2015. Please advise us
Cenvat Credit Claim for May 2014 Denied in Jan 2015; Allowed for Invoices Post-July 18, 2014, per Notification 21/2014. A query was raised regarding the eligibility to avail Cenvat Credit for documents dated before September 1, 2014, specifically for May 2014, in January 2015. The discussion referenced Notification No. 21/2014-CE (N.T) dated July 11, 2014, which stipulates that Cenvat Credit cannot be claimed after six months from the date of the relevant documents. Responses indicated that credit for May 2014 cannot be taken in January 2015, but credit for invoices issued on or after July 18, 2014, is permissible. The notification is considered to have a prospective effect. (AI Summary)
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