08 March 2013
we are a regd.VAT dealer under state commercial tax deptt. we are buying certain excise duty paid product. we do not claim any MODVAT as we resell the goods to our interstate customer. Can we pass MODVAT credit available to us to that customer? we are not regd. under excise. our yearly T.O. is below Rs.50 lakhs. is it necessary for us to be a regd.dealer with central excise to be able to pass MODVAT credit to our customer or we can do it simply being just a VAT dealer with Commercial Tax Deptt?
CAclubindia
