PASSING OF MODVAT
This query is : Resolved
19 October 2010
we are buying a product but seller is not excise registered hence which we are not getting modvat benefit however for the same product our buyer(to whom we are selling ) wants us to pass MODVAT benefit. Please advice can we pass this, we are registered in excise as a trader.
Thanks in advance for all ur support
Thanks in advance for all ur support
19 October 2010
No you cannot pass the MODvat.
Message likes :
1 times
20 October 2010
How can you pass the CENVAT which has not been paid.
No it is not possible.
No it is not possible.
20 October 2010
To enable you to pass on the duty, You must procure from Excise Regd Dealer or Manufacturer. Ask your supplier to get registered, if he wants yr business.
25 October 2010
Mr. Tripathi,
you can get the benefit if you advice to your seller to arrange the Excise invoice in your name and the seller will raise the Commercial invoice on you then you can passon the credit to your buyer.
Hope this will solve your problem in future.
Thanks
S. Banerjee
you can get the benefit if you advice to your seller to arrange the Excise invoice in your name and the seller will raise the Commercial invoice on you then you can passon the credit to your buyer.
Hope this will solve your problem in future.
Thanks
S. Banerjee
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Pass word to open justification report for Q1 for FY 2026-27
- Gift of mutual fund units to daughter
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Reporting of STCG on Property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- Building tax payment deduction in rental Income
- New Garden in Place of Old Garden
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
