Under Chapter IX, Partnership firm converted in Pvt. Ltd. Co., as on 26/07/2012, and paid VAT & Excise in old No. of Partnership firm upto 16/08/2012, as the new Nos in Pvt. Ltd. Co. were not alloted by VAT & Excise Dept.
What are the consequences of VAT & Excise paid in Old Nos. from 26/07/2012 to 16/08/2012?
Excise duty paid by old firm will be treated aspaid properly but for Cenvat credit's transfer you have to seek permission under Rule 10 of the Cenvat Credit Rules,2004
Raksh*t
9810525780
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
