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Form 3cd - modvat credit query

Tax queries 2225 views 2 replies

Under clause 22(a) of Form-3CD, whether MODVAT CREDIT should include;
Cenvat Credit & Service Tax availed & utilised by the factory under aggregate value of MODVAT CREDIT (CENVAT ).

Replies (2)

yup it should be included

Dear Mr. Vishal,

Yes, clause 22(a) of Form 3CD does include the reporting of the CENVAT credit utilized during the year.

The reporting format provided below:


               Particulars                                                          Capital Goods                      Others


 

Balance representing CENVAT credits as at

the beginning of the year

 

CENVAT credit available during the year

 

Less: Amount of CENVAT credit utilised

during the year

 

Balance representing outstanding amount as

at the end of the year.

 

 

I hope you are satisfied with this explanation.


CCI Pro

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