Cenvat credit
This query is : Resolved
08 December 2015
reverse charge mechanisum .
if bill is drawn for more than 3 months and payment has not been made to the govt for the same
can credit b availed or not
if wrongly availed should it b reversed and what r the consequnces for it
if bill is drawn for more than 3 months and payment has not been made to the govt for the same
can credit b availed or not
if wrongly availed should it b reversed and what r the consequnces for it
08 December 2015
Under the reverse charge system you can take the credit after duty payment.
Message likes :
1 times
09 December 2015
BUT SIR VOUCHER IS OF JANUARY AND AT THAT TIME THE RULE WAS PAYMENT OF DUTY PLUS PAYMENT OF INVOICE TO PARTY IS TO B MADE FOR AVAILMENT OF THE CREDIT
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
Trending Online Classes
CAclubindia
