CENVAT Meaning
This query is : Resolved
01 May 2008
What is meant by CANVAT? What is the basic difference between VAT & CENVAT?
01 May 2008
CENVAT stands for Central Value Added Tax
Vat is applicable for trade sales
whereas CENVAT is applicable for Manufactured goods Sales
Vat is applicable for trade sales
whereas CENVAT is applicable for Manufactured goods Sales
Message likes :
2 times
01 May 2008
Hi
Thanks for answering my query
But I want detail means what is set off against CENVAT?????
Thanks for answering my query
But I want detail means what is set off against CENVAT?????
01 May 2008
EXCISE DUTY & SERVICE TAX WILL BE SET OFF AGAINST THE CENVAT AVAILED ON INPUTS AND SERVICES. AS VAT CREDIT IS SET OFF AGAINST VAT PAYMENTS,CENVAT IS ADJUSTABLE AGAINST EXCISE & SERVICE TAX PAYMENTS.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST Rate for Catering Services
- FCRA 6 E- Intimation
- Journal entry of busniess expenses
- LIC maturity claim whether taxable
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
