Under clause 22(a) of Form-3CD, whether MODVAT CREDIT should include;
Cenvat Credit & Service Tax availed & utilised by the factory under aggregate value of MODVAT CREDIT (CENVAT ).
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Form 3cd - modvat credit query
Replies (2)
yup it should be included
Dear Mr. Vishal,
Yes, clause 22(a) of Form 3CD does include the reporting of the CENVAT credit utilized during the year.
The reporting format provided below:
Particulars Capital Goods Others
Balance representing CENVAT credits as at
the beginning of the year
CENVAT credit available during the year
Less: Amount of CENVAT credit utilised
during the year
Balance representing outstanding amount as
at the end of the year.
I hope you are satisfied with this explanation.
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