Hello Professional Colleagues,
I would like to know that before making entries of bills in the CENVAT Register, is it necessary that payment should have been made to the supplier of services or input goods?
I mean suppose a supplier supplies goods on 1st April, and payment is made to him on 15th May, then whether the CENVAT Credit on such bill will be taken after 15th May?
Yes, you can take cenvat credit after payment of bills. Means in your case you will be able to get Modvat after 15th May
Thanks a lot.
| Originally posted by :Mitali Agarwal | ||
| " |
hi mitali i think you have found you reply by previous reply if any clarification any time ask me thanks. Vishnukant
|
" |
Krea University
Chennai
CA
View Details
ADY & CO.
New Delhi
Graduate (Any)
View Details
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
CCI
Pro
CAclubindia
