Cenvat credit
This query is : Resolved
jignesh sukhadia
(Querist)
03 April 2013
Assessee is filed on line Registration for Manufacruing product, dt. 26.11.2012, due to some documents pending we got Reg. Certificate for Excise for unit under SSI at 15.03.2013.
Can we take Cenvat caredit as under:
1. All amt of purchsed capital goods
2. Purchase of input from dt. 26.11.2012
3. Sales from dt. 26.11.2012
Assessee is filed on line Registration for Manufacruing product, dt. 26.11.2012, due to some documents pending we got Reg. Certificate for Excise for unit under SSI at 15.03.2013.
Can we take Cenvat caredit as under:
1. All amt of purchsed capital goods
2. Purchase of input from dt. 26.11.2012
3. Sales from dt. 26.11.2012
Ashish Vaish
(Expert)
04 April 2013
Dear Sir,
You can avail Cenvat on all CG, Inputs and Input services availed prior to the date of Registration provided you are paying ED on clearance of your final products and Inputs/Input services have been used for the same final products on which you are paying ED.
You can avail Cenvat on all CG, Inputs and Input services availed prior to the date of Registration provided you are paying ED on clearance of your final products and Inputs/Input services have been used for the same final products on which you are paying ED.
jignesh sukhadia
(Querist)
04 April 2013
Thanks, very much sir
jignesh sukhadia
(Querist)
04 April 2013
Sir, is that anything written in the Act, related to this issues, pl tell me where, it will be very helpful for me.
Ashish Vaish
(Expert)
04 April 2013
For this u have to read all the rules of Cenvat Credit Rules, 2004. I am advising you with my experience. If you need expert advise in compliance of the same you can mail me at ashish.vh@gmail.com.
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