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Cenvat

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17 March 2015 what is cenvat credit...?
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CA ALOK KUMAR

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CA ALOK KUMAR (Expert)
17 March 2015 Cenvat is a scheme under central excise and service tax law which enables manufacturers to take credit of the specified duties paid on eligible inputs and capital goods as well as service tax paid on notified input services, which are used to manufacture dutiable final products and to render services. In nutshell its a credit of input taxes paid by you against output taxes.
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