Cenvat credit
This query is : Open
Varun Grover
(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?
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?
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.
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