Cenvat
This query is : Resolved
17 March 2015
what is cenvat credit...?
17 March 2015
Cenvat is a scheme under central excise and service tax law which enables manufacturers to take credit of the specified duties paid on eligible inputs and capital goods as well as service tax paid on notified input services, which are used to manufacture dutiable final products and to render services. In nutshell its a credit of input taxes paid by you against output taxes.
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