VAT and CENVAT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 February 2010 Sir,

i have no practical experience that's why
i am asking this question

Suppose we have purchased raw material within the state for Rs 1000 for that we have paid Rs120 as VAT (AP government VAT)
My question is
VAT is for – state government
CENVAT is for – Central Government
Now I want to know that
Is it possible to avail the input credit of Rs.120 (state government VAT) from CENVAT payable (Central government CENVAT)

suppose if we purchsed the raw material from out of state we have paid CST. is it possible the input credit on CST from CENVAT

I am confusing please clarify
thanking you in advance

Kamlesh Chokhani

Kamlesh Chokhani (Expert)
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01 February 2010 Dear friend

State govt vat credit can not be utilised for central cenvat ( excise, service tax) etc and vice versa.

Regards,

kamlesh chokhani

Querist : Anonymous

Querist : Anonymous (Querist)

01 February 2010 Thank you sir

Querist : Anonymous

Querist : Anonymous (Querist)

01 February 2010 Sir,

i just confusing that

if We want to utilise the CENVAT INPUT CREDIT, The raw material puchased must be exciseable goods(those on excise dutly paid)is it correct?
(i am not talking about capital goods, but raw material)

thanking you sir,

Kamlesh Chokhani

Kamlesh Chokhani (Expert)
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01 February 2010
Cenvat input credit taken on excise duty can not be utilised for vat credit.

Both are govt by separate act.

Thanks

kamlesh chokhani

Querist : Anonymous

Querist : Anonymous (Querist)

02 February 2010 thanking you