Hi
While working on Excise Returns, in Purchase details, I have come across the term 'Non Modvat' .
Kindly expalin this.
Menu
Quarterly returns of excise
Replies (2)
Probably those would include the items.........which are not vatable......ie. those on which vat cannot be levied
quarterly returns are meant for assessee who are availing benefit of notification 8/2003 as amended, for clearance of goods upto 150 lacs WITHOUT AVAILING CENVAT CREDIT. hence all purchase of inputs are "non modvat" upto 150 lacs of clearance. ( exception is only purchase of capital goods)
Recent Topics :
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
Related Topics :
CAclubindia
