The CBEC has first time fixed the time limit Vide Notification No. 21/2014-CE(NT) dated 11.07.2014, after the second proviso in Rule 4(1)of the Cenvat Credit Rules, 2004, the following proviso was inserted for the first time to fix time limit to avail Cenvat credit –
“Provided also that the manufacturer or the provider of output service shall not take Cenvat Credit after six months of the date of issue of any of the documents specified in sub-rule (1) of rule 9”.
W.e.f. 1st March 2015, time limit for availment of Cenvat Credit has been extended to one year from the date of invoice vide Notification No. 6/2015-CE(NT) dated 1.3.2015.
So far as Service Tax payable under REVERSE CHARGE is concerned, the Cenvat Credit is allowed in subsequent months after payment is made.
so, please take care where Partial Reverse Charge is applicable, then the time limit criteria is applicable considering the Payment made to Service Provider also.
