cenvat on stock

u will get vat credit of 1000 onLy becoz balance u have claimed itc while payong output taxes i.e adjusted with output tax liability. u cant again tale benefit of vat credit of rs. 199000

there is two possibilities,
1. you have used itc of goods which are laying with you or
2. you never taken that itc.


in 1st case you'll get itc as it's showing in return.

in 2nd case you'll get entire credit if you have tax invoice or deemed credit if you don't have tax invoice as provided in translational rule.

anything else?

Thanks for your reply. But how can I know that CR on stock utilised or not. Secondly sec 140 says that CR balance of last vat return candidate taken as carry forward

if you have taken credit when you purchased good than it's confirm that you have used credit against sale of goods.

thank u. that we have done