Year end adjustments
This query is : Resolved
CA Arun Kumar
(Querist)
15 February 2013
i had purchased goods on 31.03.2012 but the same were received on 08.04.2012 and i had booked my purchases on 31.03.2012 because purchase bill shows the same date i.e. 31.03.2012 my query is can i avail CENVAT Credit of the amount shown on the bill which is dated 31.03.2012 but the same received on 08.04.2012. and for 31.03.2012 we have to clear the excise duty account on 31.03.2012 itself? sugesst what should be the treatment?
Arun Kumar Singh
(Expert)
17 February 2013
You can take the cenvat credit after goods received in your factory premises. You can't claim on 31.03.2012
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