Reversal of cenvat credit

Which rates applicable for reversal of cenvat credit 10.30% or 12.36%,

Cenvat credit availed in the month of March 2012 on the Bill of Rs 10000 on which Rs 1030 s.tax,but due to some reason we get the Credit Note from the vendor in the month of May 2012 of Rs 10000 on which vendor  calculate S.Tax @ 12.36% .

is this  correct to calculate S.Tax 12.36% on credit note raised in the month May 2012 which relates to Mar 2012 ?

Replies (2)

plz reply ................its urgent

 

Rate will be 10.30% (being the rate at which the Cenvat Credit taken at the time of booking of the invoice)

 

Regards

Arun CHhajer

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details