banner_ad

Balance in ccr.

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 May 2012 Suppose even after taking CENVAT credit, there remains some balance in CCR. Then would it be refunded or carry forwarded or forfeited.
What happens in similar issue in case of VAT??
What's the time period of availing such as in case of VAT it is monthly.
Thanks.
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
17 May 2012 The CCR balance is carried forward without any time limit.

It can be used by the assessee for making duty payments in the future.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 May 2012 Whats the time limit to carry forward and what happens which left aftre that????? Refunded, forefeit?????
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
21 May 2012 There is no time limit for carry forward. It can be carried forward indefinitely.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 May 2012 Ok. Thank You.
Please tell me the rule/section no., because I was trying to find but couldn't find it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details