Cenvat credit

This query is : Resolved

Share Report Follow Query Ask a Query

vamsi

vamsi (Querist)
Follow

21 August 2014 Wat do you mean by CENVAT CREDIT...???

A. Sankaranarayana

A. Sankaranarayana (Expert)
Follow

21 August 2014 Dear Vamsi,

1. In Excise, at the time of sale, we collected Excise Duty - call it as Excise output.

2. The same company purchase some excisable goods ie., called Excise Input - technically call it as Cenvat Credit.

3. Moreover, If you paid any Service Tax to any Service Provider, that also claim as Cenvat Credit.

4. Read Cenvat Credit Rules

Rupesh Jain

Rupesh Jain (Expert)
Follow

22 August 2014 under cenvat act/excise act.

when buyer and seller both are registered under the excise act then buyer can get the excise amount cenvat on excise invoice issue by the seller.
same case of service tax and sales tax\.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHRI HARIRAO

damodara rao tedla

ashvini tripathi

Yash

Choudhary

Subscribe Now

Cenvat credit

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

GST CONSULTANCY

Manager- Finance and Compliance

GST CONSULTANT

CA Final

Accountant