Calculation of CENVAT Credit in terms of Rule 6C of CENVAT
This query is : Resolved
Guest
Guest
(Querist)
02 January 2009
How to claculate CENVAT Credit in terms of Rule 6C of CENVAT Credit Rules 2004?
07 January 2009
THis has been given in the rules itself.
Credit is available for the taxable sale.
Bifurcate the sales into taxable and exempted.
Leave the service credit attributable to exempted turnover only.
The balance credit has to be divided in sales ratio of taxable and exempted.
Credit is available for the taxable sale.
Bifurcate the sales into taxable and exempted.
Leave the service credit attributable to exempted turnover only.
The balance credit has to be divided in sales ratio of taxable and exempted.
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