unutilised cenvat.

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Querist : Anonymous

Querist : Anonymous (Querist)

05 March 2011 whether unutilised amount of cenvat credit be added to the profit and taxed during the year?

jinkesh jain (Expert)
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05 March 2011 No. The unutilised portion of CENVAT Credit can be carried forward and set off against future Excise & Service Tax Output liabilities

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