Excise input
This query is : Resolved
Harsh Wadhwa
(Querist)
19 December 2014
A manufacturing company purchase raw material from supplier and convert raw material into finished product,,,, and also doing trading of raw material,,,,
My question is that can enterprises take input of excise on trading activities????
Plz answer,,,,,
Thanks in advance
My question is that can enterprises take input of excise on trading activities????
Plz answer,,,,,
Thanks in advance
Arun Kumar Singh
(Expert)
19 December 2014
The manufacturer can do the trading activity but on the trading goods cenvat credit will not be applicable. If process amounts to manufacture then it will count as a manufactured goods.
Harsh Wadhwa
(Querist)
19 December 2014
Thanks for reply sir,
but in case of sales tax ,,,, can it avail input tax?
but in case of sales tax ,,,, can it avail input tax?
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