Cenvat
This query is : Resolved
01 August 2015
please explain what meaning of CENVAT and CENVAT CREDIT and CENVAT CREDIT REVERSAL.Thank you for the answer.
02 August 2015
CENVAT Central value added tax, central excise and service tax.
Cenvat credit is input tax credit available for set off against payment of out put tax on central excise and service tax.
Cenvat credit reversal is reversal of wrongly availed cenvat credit.
Cenvat credit is input tax credit available for set off against payment of out put tax on central excise and service tax.
Cenvat credit reversal is reversal of wrongly availed cenvat credit.
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