Cenvat credit on cst purchases

This query is : Resolved

CA Sanjay Baheti (Querist)
Follow

23 August 2012 In case of Manufacturing Concern covered under Excise Law, Whether Cenvat Credit is avaiable on Inter State Purchases i.e. CST/OGS Purchases either at the rate of 2% Against C Form or 5% without C Form.

nilesh kshirsagar

nilesh kshirsagar (Expert)
Follow

24 August 2012 Yes
in both the cases if Party is Issuing Excise invoice as per Rule -11 of central Excise Rules -2002

Nilesh K-Sagar

CA Sanjay Baheti

CA Sanjay Baheti (Querist)
Follow

24 August 2012 Dear Sagar Ji,

Thanks for Reply. Here what is Meaning of Party i.e.whether my client being Manufacturer or Supplier.

ADITYA

ADITYA (Expert)
Follow

25 August 2012 Dear Mr Sanjay

Please note that Cenvat credit is available for a manufacturer who is registered under excise, irrespective of purchase place whether with-in the state or out side the state, because Excise Law is all over the country is one and the same.

If you are talking about the Sales Tax credit i.e CST, that is not available.

nilesh kshirsagar

nilesh kshirsagar (Expert)
Follow

26 August 2012 Dear Mr Sanjay

Here party means any Dealer or Manufacturer registered under Central Excise from whom u r purchasing goods for manufacturing or Trading purpose

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

DURGA TANDEL

efiletax

Hitesh Desai

sathish kumar k

CA Sabrish Nair

Subscribe Now

Cenvat credit on cst purchases

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

CA Final

Accountant

GST CONSULTANT

Manager- Finance and Compliance

GST CONSULTANCY