Cenvat cretit reverse
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2016
Dear Experts
Manufacturing unit registered in central excise but firm work under exemption. firm has taken input credit of raw material purchase and capital goods and mention in quarterly return. now firm can be reversed the cenvat credit of raw material. if yes, pl.solve the with clause.
Manufacturing unit registered in central excise but firm work under exemption. firm has taken input credit of raw material purchase and capital goods and mention in quarterly return. now firm can be reversed the cenvat credit of raw material. if yes, pl.solve the with clause.
04 March 2016
Your query is not clear. If you are under ssi exemption and not paying excise duty then you cannot take the cenvat credit on input, input services and capital goods.
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