Cenvat credit
This query is : Resolved
09 June 2012
ACCORDING TO VAT IF THERE NO OUTPUT NO INPUT TAX CREDIT. LIKE THAT IF A INDIVIDUAL PAYS SERVICE TAX ON BEHALF OF SERVICE PROVIDER. THE INDIVIDUAL DOES NOT PROVIDES ANY KIND OF SERVICE. IS HE ELIGIBLE TO GET CENVAT CREDIT.GIVE ME CLARIFICATION ABOUT THIS?
10 June 2012
The provisions under act is meant for reducing the cascading effect., no output service means no credit
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