TaxTMI 
TaxTMI 
Time for Cenvat Credit
25 Nov 2010 
3 Replies 
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Cenvat credit time limit: inputs generally no time bar; capital goods credit staggered; service tax may require permission.
No time bar exists for taking Cenvat credit on inputs, which may be taken immediately on receipt and availed within a reasonable period. Capital goods credit is to be taken in staged instalments, with part claimed in the year of purchase and the remainder in subsequent year(s). For service-tax-related credit, administrative permission is required to avail credit beyond the commonly accepted period under the applicable rules. (AI Summary)
No time bar exists for taking Cenvat credit on inputs, which may be taken immediately on receipt and availed within a reasonable period. Capital goods credit is to be taken in staged instalments, with part claimed in the year of purchase and the remainder in subsequent year(s). For service-tax-related credit, administrative permission is required to avail credit beyond the commonly accepted period under the applicable rules. (AI Summary)
What is the time(Period Billing date to) Cenvat Credit Taken on Input/Capital Goods Bills one Year or 6 months?