Input service tax credit - Change in Cenvat Credit Rules, Service Tax

[sudha]

service rules 2002 says input credit can be claimed for invoices issued on or after 14 May,03 and  Cenvat Credit Rule, 2004 say that it can be claimed if invoices issued on or after 10 sep,04 so whts the use of this. As when 2004 rules come in til that time earlier one wil be valid.so whts the intention or reason for change of this date

Posts / Replies

[S Gupta]

The dates mentioned in the respective rules are showing the effective date. For the bills generated or issued before the cut off date, credit is available under the old rules (except in special circumstances)