Cenvat credit
This query is : Resolved
abhishek mishra
(Querist)
27 December 2013
sir what is cenvat credit.... ???
02 January 2014
1. When you purchase goods from a manufacturer the buyer-manufacturer charges excise duty in his invoice.
Such excise duty paid on purchase can be availed as CENVAT credit by the buyer-manufacturer.
2. Same is the case with service tax paid.
Such excise duty paid on purchase can be availed as CENVAT credit by the buyer-manufacturer.
2. Same is the case with service tax paid.
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