Utilization of Cenvat for the month.

[Asked by Guest]

Dear Sir,

I am making payment for the month of Jan 15, and I have some bills dated Mar 15, Can I use that cenvat for the month of Jan 15 as we have already late and reason in correct that when we are making payment in the month of Oct 15 for Jan 15 and march bills are already in hand.so Can I utilized cenvat against liability for the month of Jan 15.

AI Summary

Cenvat credit utilization: only credit available at month-end can discharge that month's liabilities, later credits cannot.
Cenvat credit can only be utilized to the extent such credit is available on the last day of the relevant month or quarter; credits arising later cannot discharge earlier month liabilities. Interest and penalty must be paid in cash. Excess service tax payments may be adjusted against the succeeding period, but excess interest must be claimed as a refund from the jurisdictional officer. Excess interest for one service cannot be adjusted against interest for another service under the same assessee code due to different accounting codes. Disclose actual interest paid in ST-3 and note the refund claim in remarks.