cenvat credit
This query is : Resolved
16 May 2009
what is cenvat credit? when it avail? is there any proceduer of calculation?
Ankit Dawar
(Expert)
17 May 2009
There is a scheme to avoid cascading of taxes. Therefore, a manufacturer or service provider can avail benefit of taxes paid on input services used for manufacuring goods or providing services and can avail a setoff (reduce) the liability on the output side.
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