Menu
Cenvat credit against job work
Dear Sir,
We have 2 units of same company. Both units are registered with excise. A unit do the job work for principal unit.
A unit purchased some materials on paid the excise duty. These materials used for value addition to job work which received from principal unit.
Please advice that can cenvat credit are allowed on these materials for A unit?
If yes or not please advice with case.
Thanks & Regards,
Anuj Kumar Goel
Replies (1)
You are eligible to take credit of duty paid on your purchase and also you have to pay to duty for that item for using and cleared from your factory.
Regards
RP Ananthakumar
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
