banner_ad

Cenvat credit

This query is : Open 
Profile Image

Profile Image

(Querist)
22 June 2017 we r a manufacturer of medicine in uttranchal in excise free zone..however we r having stock of around 6 crs.on which we have paid excise duty on purchases made by us.
can we claim a cenvat of such purchases in cgst.

and also we have sum purchases directly from traders..cn we claim 40% scheme for such?
Profile Image

CA Rashmi Gandhi

Profile Image

CA Rashmi Gandhi (Expert)
22 June 2017 Yes you can claim 40% credit if you have copy of invoice even if amt of excise is not shown separately under GST.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details