Poonawalla fincorps
Poonawalla fincorps

Set Off in Excise

This query is : Resolved 
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(Querist)
24 August 2010 Sir,
Which is the goods purchased on which excise duty & VAT paid can be taken set off from the excise duty & VAT collected? Plz. reply.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
24 August 2010 Take Excise and vat cenvat credit on Purchase and set off from your libility of duty and vat.

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