banner_ad

modvat

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 March 2009 Dear Sir,
I have had a transaction with an MNC company who have manufacturing facilities in India (registered in excise) & they also have at 7-8 manufacturing facilities across globe . They import refrigeration units from their other locations & sell as it is in India.
I had purchased a refrigeration unit with them , the bill raised by them shows basic value ,CVD & sales tax . On top of bill heading says Delivery challan Cum Retail invoice. However invoice didn't had any excise no. information.
Now I want to claim modvat & asked them for the same. They are saying that they can not pass modvat & value shown is just a build up. For information earlier while releasing PO I had not mentioned anything about Modvat .Please suggest if I can get setoff.
Profile Image

Rajesh Kumar

Profile Image

Rajesh Kumar (Expert)
24 March 2009 You cannot take modvat.
cenvat credit can be taken only on manufacturer's or dealers invoice. The retain invoice you are referring is not a valid document to take credit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details