canvat/modvat
This query is : Resolved
30 January 2008
can any body tell me the entries & procedure for claming cenvat/modvat
thx
thx
CA Hemant T Dewani
(Expert)
30 January 2008
cenvat/modvat credit is available to manufacturer who register his unit under exiece, and modvat credit is available only if he produce exciseble goods and crdit is avalble. input credit is avalible against ouput credit only 50%
credit is available for capital goods in the first year and the credit is available only related credit net amount is payble to the govt
credit is available for capital goods in the first year and the credit is available only related credit net amount is payble to the govt
CA Hemant T Dewani
(Expert)
30 January 2008
cenvat/modvat credit is available to manufacturer who register his unit under exiece, and modvat credit is available only if he produce exciseble goods and crdit is avalble. input credit is avalible against ouput credit only 50%
credit is available for capital goods in the first year and the credit is available only related credit net amount is payble to the govt
credit is available for capital goods in the first year and the credit is available only related credit net amount is payble to the govt
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