Indirect tax
This query is : Resolved
18 July 2011
Dear sir,
In case of CENVAT. A person is having a tax credit of 6000. If he closes his business is it possible to get refund??
2. If he discontinues the business without giving intimation to the department and after 6 month or 1 year he wants to do the same business. is it possible to take the credit again???
Pls explain..
In case of CENVAT. A person is having a tax credit of 6000. If he closes his business is it possible to get refund??
2. If he discontinues the business without giving intimation to the department and after 6 month or 1 year he wants to do the same business. is it possible to take the credit again???
Pls explain..
19 July 2011
You can apply refund of cenvat balance available in Form-R, before surrendering registration. When you start the business again, the procedure is as if you have started new factory.
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