Menu
Condition of cenvat credit
Dear Experts,
We have two manufacturing unit. We have placed order to our vendor and instruct them to mention their invoice both billing and delivery address. In which address we can take cenvat credit, billing or delivery. Please advice.
Thanks
Replies (1)
Yes, Cenvat credit can only be claimed where delivery is made. As per Rule 4(1) of Cenvat Credit of eligible duties( pls refer Rule 3(1)) in respect of inputs may be taken on receipt of inputs in the factory of the manufacturer and Cenvat credit taken on the basis of (refer rule 9(1)) :-
1.Mfr invoice
2.FSD invoice
3.SSD invoice
Recent Topics :
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
Related Topics :
CAclubindia
