Cenvat credit
This query is : Resolved
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
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
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\.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
