When i have taken CENVAT credit wrongly, i have to reverse the same. Now everywhere i find i have to debit my CENVAT credit account.
my question is CENVAT credit account is my asser (cenvat credit recievable), so if i debit there, i will increase the same further?
Does CENVAT credit and CENVAT credit receivable mean the same thing?
This question pertains to Income Tax. Under Central Excise Rules,2004, you have to reverse/debit.
Raksh*t
9810525780
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
Bharat Shah & Associates
Mumbai
CA Inter
View Details
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
Austin Med Solutions Pvt Ltd
Bengaluru
CA
View Details
My Legal Tax Consultants Pvt. Ltd.
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
