Can 2nd stade dealer pass cenvet credit to other 2nd stage d
This query is : Resolved
19 December 2009
Suppose i m 2nd stage dealer registered in excise and i want to purchse goods from another 2nd stage dealer.
Que.) can i take the cenvet credit which is passed on by the other 2nd stage dealer ?
If yes please provide the relevent rule or section and the procedure. If not please provide the relevent rule oe section.
Que.) can i take the cenvet credit which is passed on by the other 2nd stage dealer ?
If yes please provide the relevent rule or section and the procedure. If not please provide the relevent rule oe section.
19 December 2009
The CENVAT Credit Rules,2004 defines only two types of dealer i.e. first stage dealer and second stage dealer. The first stage is defied who purchases either directly from the manufacturer or from his depot/consignment agent.
The second stage dealer has been defined who purchase from first stage dealer.
So the manufacturer is entitled to take credit on the invoices inter alia others, issued either by first stage dealer or second stage dealer. In such circumstances it may be construed that credit admissibility is restricted on purchase from I/II stage dealer.
The second stage dealer has been defined who purchase from first stage dealer.
So the manufacturer is entitled to take credit on the invoices inter alia others, issued either by first stage dealer or second stage dealer. In such circumstances it may be construed that credit admissibility is restricted on purchase from I/II stage dealer.
Message likes :
1 times
20 December 2009
sir but my question is whether i can take the credit of cenvet from the 2nd stage dealer. i have registered as 2nd stage dealer in excise.
21 December 2009
Dear Rohit,
Since your are not the end user, You cannot utilise Cenvat Credit, you can only pass on the credit to your customer.
Since your are not the end user, You cannot utilise Cenvat Credit, you can only pass on the credit to your customer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Last year TDS Claim
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- REGARDING GST LIABILITY/....
- Taxation on LTCG for property sold after 24JUL2024
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
