Calculation MODVAT
This query is : Resolved
AMIT KUMAR ROY
(Querist)
24 April 2008
Sir,
What is method of Calculation of MODVAT.Because when we purchase then pay MODVAT. if we take credit so how we will calculate the MODVATE.
THANKS IN ADVANCE
What is method of Calculation of MODVAT.Because when we purchase then pay MODVAT. if we take credit so how we will calculate the MODVATE.
THANKS IN ADVANCE
CA Hemant T Dewani
(Expert)
25 April 2008
modvat /cenvat is seperatly charged in the invoic if you are manufacturer or service given and liable to exice then you will take 100% cenvat credit which are seperatly charged in the bill
Ram Avtar Singh
(Expert)
27 April 2008
cenvat is seperatly charged in the manufacturer Invoice. you will take 100% cenvat & cess credit. If you are purchasing from Dealer or Importer then you should calculat Duty pass on like this(from Saler Purchase detils given in below of the Invoice)
(duty/quantity)*(qtuantiy) purchase by us.same cess will be calculated
(duty/quantity)*(qtuantiy) purchase by us.same cess will be calculated
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