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
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details