cenvat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2010
Hi, I want to know that what is cenvat credit and how its have been used by manufacturer.
sanjay.....
sanjay.....
22 January 2010
CENVAT Credit is, the Exise duty and service tax paid on the input materials used for manufacture
It can be used for paying the excise duty and service tax payable for the goods produced by the manufacturer
It can be used for paying the excise duty and service tax payable for the goods produced by the manufacturer
22 January 2010
agree with expert
24 January 2010
When a manufacture purchase exciseable material then the amount paid by him on purchase can be used to pay excise on sale. This excise paid on purchase is called Cenvat 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?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
