https://www.taxtmi.com/forum/issue?id=110069 The mechanism requires reversal of Cenvat credit where payment for an input service is not made within the prescribed period; once the payment is made the reversed credit may be re availed subject to other provisions. A separate statutory time limitation restricts taking credit after a cut off measured from the date of specified documents; administrative guidance states the limitation applies to first time credit and re credit after reversal is permissible when conditions are met, but audit risk remains where payment was intentionally deferred. en-us Mon, 21 Mar 2016 13:21:40 +0530 Thu, 23 Jan 2025 15:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110069 The mechanism requires reversal of Cenvat credit where payment for an input service is not made within the prescribed period; once the payment is made the reversed credit may be re availed subject to other provisions. A separate statutory time limitation restricts taking credit after a cut off measured from the date of specified documents; administrative guidance states the limitation applies to first time credit and re credit after reversal is permissible when conditions are met, but audit risk remains where payment was intentionally deferred. Discussion-Forum Service Tax Mon, 21 Mar 2016 13:21:40 +0530 https://www.taxtmi.com/forum/issue?id=110069