WHETHER UNUTILISED CENVAT CREDIT OF TRADING GOODS CAN BE CARRY FORWARD FOR NEXT YEAR ???
PL REPLY
WHETHER UNUTILISED CENVAT CREDIT OF TRADING GOODS CAN BE CARRY FORWARD FOR NEXT YEAR ???
PL REPLY
trading goods and cenvat credit??????????????
in trading there is no existance of cenvat credit, its scheme for manufacturers only ,
excise registered dealers have to pass on the duty only, they are not eligible to take cenvat credit on traded items.
| Originally posted by : U S Sharma | ||
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trading goods and cenvat credit?????????????? in trading there is no existance of cenvat credit, its scheme for manufacturers only , excise registered dealers have to pass on the duty only, they are not eligible to take cenvat credit on traded items. |
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If the activity is dealer under excise, the unutilsed credit can be carried forwarded.
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