Cenvat on opening stock on excise-able goods.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2013
Dear Sir,
I had registered by firm with excise department on 15th march,2013. The physical verification of premises has been don by the department but they didn't check the stock.
Now I am going to file my first excise return and want to know that weather I can claim CENVAT in this return without consulting with department or I have to take permission of department to take credit??
I had registered by firm with excise department on 15th march,2013. The physical verification of premises has been don by the department but they didn't check the stock.
Now I am going to file my first excise return and want to know that weather I can claim CENVAT in this return without consulting with department or I have to take permission of department to take credit??
09 April 2013
No need to take the permission with excise department for taking cenvat credit. but if you are paying the duty then you can take the cenvat credit. cenvat credit will be eligible at the laying stock after the duty payment of excise.
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
- House Property Reporting in ITR
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- If there is Long term capital gain exists how much total income to be considered
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
