https://www.taxtmi.com/forum/issue?id=111618 Whether Cenvat credit taken later against an earlier capital goods invoice must be reversed hinges on the Credit Rules' timing conditions and on accounting treatment: if no credit was taken in the first financial year and Rule conditions are met, full credit in a subsequent year may be permissible; however, if capitalisation included Cenvat and depreciation was claimed on that basis, subsequent credit may be disallowed or require adjustment. en-us Tue, 14 Mar 2017 17:19:41 +0530 Thu, 23 Jan 2025 15:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111618 Whether Cenvat credit taken later against an earlier capital goods invoice must be reversed hinges on the Credit Rules' timing conditions and on accounting treatment: if no credit was taken in the first financial year and Rule conditions are met, full credit in a subsequent year may be permissible; however, if capitalisation included Cenvat and depreciation was claimed on that basis, subsequent credit may be disallowed or require adjustment. Discussion-Forum Central Excise Tue, 14 Mar 2017 17:19:41 +0530 https://www.taxtmi.com/forum/issue?id=111618