banner_ad

Utilization of cenvat of one unit by another unit

EXICSE (Legacy) 410 views 3 replies
In our one unit have a lot of Cenvat available, can we transfer/use this in other unit
Replies (3)

Yes it is possible, you have to get registered with Large Taxpayer Unit (LTU) and then you can simply transfer the credit available from one unit to another by a transfer voucher and also can utilise the sameas per the Cenvat Credit Rules.

Other than LTU - The reason for the accumulation maybe examined. It could be due to value addition being done in one unit more and job work usage and possibly supply to EOU or export. If export then rebate/ procurement without paymentof duty can be examined. If local only then possibility of sharing input service credits thru input service distributor can be see.

Procurement and receipt planning can see that credit available in unit which has deficiency. 

In 2015 there is one amendment for LTU and after that amendment LTU also can't transfer the credit. 

The unit can plan to reduce the input or it can go for refund depending on eligibility.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details