Cenvat credit

Sir,

our client is a manufacturer and they have crossed SSI exemption in the last year and inadvertently they have wrongly debited their applicable sales excise duty from cenvat credit as well as advise received from our own auditng authorities it will be reversable in the coming month. No show cause notice received in this regard. we will go to revese this month which amount was previosly debited. Now our doubt is, It is a correct one and if any interest will be arise. please clarify alongwith any notification is available. 

Replies (2)

After crossing 150 lacs limit of exemption under SSI notification, the cenvat credit on inputs received for manufacturing goods in excess of value of clearances of Rs. 150 lacs can be taken as credit...

 

After crossing ssi exemption limit of Rs.1.5 crores , u can utilise cenvat credit. refer  notfn No.08/2003 c.E.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details