https://www.taxtmi.com/forum/issue?id=110861 CENVAT credit for input services is allowed on or after receipt of the invoice, bill or challan; if payment for the service and tax shown on the invoice is not made within the prescribed short period, the credit taken must be repaid (except tax paid as recipient), though it can be re availed if payment is subsequently made. Reverse charge service tax credit is allowable only after tax is paid to government. Refunds or credit notes necessitate reversal of corresponding CENVAT credit. A statutory time bar limits credit claiming after one year from the document date, and prescribed monthly timelines govern discharge and recovery of amounts under the rule. en-us Wed, 31 Aug 2016 10:20:58 +0530 Thu, 23 Jan 2025 15:56:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110861 CENVAT credit for input services is allowed on or after receipt of the invoice, bill or challan; if payment for the service and tax shown on the invoice is not made within the prescribed short period, the credit taken must be repaid (except tax paid as recipient), though it can be re availed if payment is subsequently made. Reverse charge service tax credit is allowable only after tax is paid to government. Refunds or credit notes necessitate reversal of corresponding CENVAT credit. A statutory time bar limits credit claiming after one year from the document date, and prescribed monthly timelines govern discharge and recovery of amounts under the rule. Discussion-Forum Service Tax Wed, 31 Aug 2016 10:20:58 +0530 https://www.taxtmi.com/forum/issue?id=110861