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Cenvat Credit

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26 February 2011 Cenvat Credit and service tax credit available at the end of month. Is it Right is Charge both in end as a expenses in ITR and again in next year reverse it as a income?
If its Wrong in which Section or Act?
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
26 February 2011 Cenvat Credit and service tax credit is current assset.Not exps.

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