canvat Credit

This query is : Resolved 

28 February 2011 It firm Start it new Firm & During construction period paid all Payment from Old Firm for New firm. at that time services tax paid for New firm but from Old firm can be taken as Setoff for Old Firm.

my Q? is that Old firm can take cenvat credit of new firm which is still in Construction & for that payment is made from Old firm.

01 March 2011 If any Cenvat Credit balance is available with the old firm, the same can be transferred to the new firm.



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