THAT MY CENVAT CREDIT IS OF 2016 F.Y BUT I HAVE PAID THE ENTIRE SERVICE TAX IN 2018 AND THE DEPARTMENT DECLINE TO TAKE CREDIT OF IT,
THAT THEY CLAIMING THAT CREDIT ONLY ALLOWED WITHIN 1 YEAR,
KINDLY SUGGEST THAT WHAT TO BE DONE FOR THE SAME ..
TRILOK
CENVAT Credit Denied for 2018 Claim Due to One-Year Limitation Rule; Must Claim Within Invoice Year. A forum user inquired about the inability to claim CENVAT credit for service tax paid in 2018 for the financial year 2016, as the tax department rejected the claim due to a one-year limitation rule. Four respondents confirmed that the department's stance is correct, emphasizing that CENVAT credit must be claimed within one year from the invoice date, or it will lapse. The consensus among the replies is that the credit cannot be availed after the stipulated period. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
