Z is a manufacturer. They purchase goods from a dealer Y who in turn purchased goods from another dealer X. X has bought goods from a manufacturer [M] and Cenvat is availed by Z on invoice issued by X. X mentions Y in the buyer column and Z in the consignee column. The entire consignment comes directly from M to Z. Can Cenvat credit be disallowed to Z as the buyer column and consignee column differ. This query is being raised in view of comments in ELT page A135-136 which states Vol 259 which states that bouer and consignee should be same. Can credit be disallowed to Z in view of him being a manufacturer?
Menu
Cenvat Credit on dealer invoice
Replies (1)
- M . manufacturer issue invoice to X (1st stage dealer)
- X . 1st stage dealer issue dealer's invoice to Y ( 2nd stage dealer)
- Y . 2nd stage dealer issue dealer's invoice to Z ( final manufacturer)
- though the whole consignment is delivered from M to Z directly, X only is the buyer of M , consigneee may differ
- Z can take credit on strength of dealers invoice of Y only, M or X is out of his view, its only entry in dealers invoice which is carried forward to Z ultimate.
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
