https://www.taxtmi.com/article/detailed?id=6540 CENVAT credit claiming rules: inputs and input services must be claimed on receipt of invoice/documents and, from 01.03.2015, within one year of the Rule 9(1) document; input service credit taken must be paid within three months or be reversed, with re credit on subsequent payment. Capital goods permit phased credit-half in the year of receipt and the balance in later years while goods remain in possession; full credit if cleared in the same year. Re credit is allowed when reversal conditions (payment, reuse, return from job worker) are satisfied. Author's view excludes the one year bar for reverse charge payments. en-us Mon, 23 Nov 2015 00:30:33 +0530 Mon, 23 Nov 2015 00:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6540 CENVAT credit claiming rules: inputs and input services must be claimed on receipt of invoice/documents and, from 01.03.2015, within one year of the Rule 9(1) document; input service credit taken must be paid within three months or be reversed, with re credit on subsequent payment. Capital goods permit phased credit-half in the year of receipt and the balance in later years while goods remain in possession; full credit if cleared in the same year. Re credit is allowed when reversal conditions (payment, reuse, return from job worker) are satisfied. Author's view excludes the one year bar for reverse charge payments. Articles Cenvat Credit Mon, 23 Nov 2015 00:30:33 +0530 https://www.taxtmi.com/article/detailed?id=6540