Cenvat credit to group companies
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 November 2013
Hi,
Whether a company can transfer the CENVAT credit to the group companies.
where the said company has excess credit
Whether a company can transfer the CENVAT credit to the group companies.
where the said company has excess credit
Vishakha Kejriwal.
(Expert)
29 November 2013
Different companies of the same group are different entities under the Finance Act.
There is a system of transfer of credit from different branches of the same company vide the concept of input service distributor but not for different companies say A ltd and B ltd belonging to a group cannot transfer credits between them
There is a system of transfer of credit from different branches of the same company vide the concept of input service distributor but not for different companies say A ltd and B ltd belonging to a group cannot transfer credits between them
Vishakha Kejriwal.
(Expert)
29 November 2013
Different companies of the same group are different entities under the Finance Act.
There is a system of transfer of credit from different branches of the same company vide the concept of input service distributor but not for different companies, say A ltd and B ltd belonging to a group, cannot transfer credits between them
There is a system of transfer of credit from different branches of the same company vide the concept of input service distributor but not for different companies, say A ltd and B ltd belonging to a group, cannot transfer credits between them
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