taxation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2009
what is the difference b/w cenvat & modvat with example
05 December 2009
Cenvat was earlier known as Modvat.
Both are mechanism to allow tax credit of tax paid on inputs/capital goods against Excise duty payable on manufacture.
Both are mechanism to allow tax credit of tax paid on inputs/capital goods against Excise duty payable on manufacture.
05 December 2009
there is no diffrence between cenvat and modvat,
ealier we calle modvat but now we called cenvat,
ealier we calle modvat but now we called cenvat,
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