cenvat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 November 2009
Sir
I am a central excise registered dealer.
I have purchased a chemical from reliance cellulose and in the name of our company.
Again i sold that same quantity material to another party. Actual my doubt is
1)whether is there any chances to take cenvat credit on purchased material.
2)what are the records we have to maintain as a dealer.
3)what is the process of billing while we
did so like above.
please help me in this.really i am thankful to you.
gopal.
I am a central excise registered dealer.
I have purchased a chemical from reliance cellulose and in the name of our company.
Again i sold that same quantity material to another party. Actual my doubt is
1)whether is there any chances to take cenvat credit on purchased material.
2)what are the records we have to maintain as a dealer.
3)what is the process of billing while we
did so like above.
please help me in this.really i am thankful to you.
gopal.
06 November 2009
if it is VAT purchase.Definately u can do. becoz prupose of purchase is resale.This material is goods for u.& u have to provide origional vat invoice to sales tax authority.For CST ,no Cenvat provision
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