This is to infrom you all that, Can cenvat credit on Consumable goods of only Jobworker. Its use in manufacutirng the goods. Not for sale. So, we have credit cenvat ?
Jeevesh Mehta
(Advocate- Corporate Commercial & Indirect Tax Advisory)
(861 Points)
Replied 15 January 2010
Please clarify ur query...
Could not understand
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14477 Points)
Replied 15 January 2010
No you can not take cenvat credit and also can not utilized on job work.
Madhukar N Hiregange
(Chartered Accountant)
(38934 Points)
Replied 17 January 2010
The credit on consumables used by job worker in the manufacture of excisable goods is available. The procedure could be for the princiapl to supply the same to the JW or the jw to avail the credit and charge the ST on the same.
CAclubindia
