Obsolete Invebtory
This query is : Open
16 November 2023
Inventory and Capital goods purchased before the GST regime and Cenvet credit has taken now Company declare this items as obsolete inventory my question is that Cenvet credit taken before GST regime needs to be reversed in GST Regime.
17 November 2023
No...
Not required to reverse the CENVAT if it's before GST regime.
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