Cenvat debit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2012
Dear All,
Am doing my CA Articleship and i can hear many of the persons working with our clients saying that on clearence of goods, they would debit the CENVAT credit account.How can this be done.I mean, is there any place where will debit CENVAT Account like making payment through bank????!!! I can't understand.Pls do help
Am doing my CA Articleship and i can hear many of the persons working with our clients saying that on clearence of goods, they would debit the CENVAT credit account.How can this be done.I mean, is there any place where will debit CENVAT Account like making payment through bank????!!! I can't understand.Pls do help
RENGARAJ R.K
(Expert)
20 July 2012
There is a Register called RG23A Part II where the eligible cenvat accumulated on the purchase of raw materials and capital goods will be debited. This register is maintained for input credit availability and utilisation of the cenvat.
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