utilisation of cenvat credit
This query is : Resolved
19 August 2008
A Co. wants to close its business from delhi and start its bisiness in mumbai( i.e change in place o business of Co.) how can a Co utilise its cenvat credit which it has carried forward( i.e which is unutilised) in the last return i.e 01-10-2007 to 31-03-2008.
Thanks
Shweta
A Co. wants to close its business from delhi and start its bisiness in mumbai( i.e change in place o business of Co.) how can a Co utilise its cenvat credit which it has carried forward( i.e which is unutilised) in the last return i.e 01-10-2007 to 31-03-2008.
Thanks
Shweta
CA E.A.Ravikumar
(Expert)
19 August 2008
If the business is going to be shifted from delhi to mumbai then there will not be any constraint to claim the input credit.
If closing of business is envisaged, input credit of one entity cannot be claimed by the other
If closing of business is envisaged, input credit of one entity cannot be claimed by the other
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