Cenvat on takeover firm


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 June 2013 We Pvt Ltd goinf to take over one of the partnership firm doing manufacturing business called 'A' on a particular date say 20th June 2013, firm 'A' having purchase contract with their suppliers till July 2013, there is no provision for amend the orders, now my doubt is, after taken over happened we are going to receive some material in the name of 'A, in this case what is the procedure for taking CENVAT credit and input VAT in new our new compny, please provide your guidelines,

Rupesh Jain (Expert)
18 June 2013 not possible do to nature of assessee is different

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 June 2013 then what is the solution

19 June 2013 After the takeover the business you can take the fresh registration at your constitution of the company and then you can pay the duty on finished goods and take the cenvat credit on the purchase goods.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
12 November 2026
Auditor

Oz Taxation

Vijayawada

Graduate (Any)

View Details
Company
13 November 2026
Accountant

New Mobile India

Muzaffarpur

B.Com

View Details
Company
ARTICLESHIP 14 November 2026
Articleship Assistant

B Thejas and Associates

Bengaluru

CA Foundation

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details