Cenvat Credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2010
Invoice has been raised with excise duty to party and goods has been delivered to party...after one month a credit note has to be issued to party for rectification of higher rate wrongly charged. what will be the effect of excise duty on credit note whether credit note has to be issued inclusive of duty, if yes then what will be the impact of cenvat on both parties...
30 November 2010
The party is entitled to cenvat of higher excise duty paid.
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 November 2010
Whether credit note has to issue without reversal of duty....
01 December 2010
Yes
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