Cenvat credit

This query is : Resolved 

11 January 2014 what is cenvat credit

11 January 2014 Hi

Its set-off of Service Tax / Excise duty payable on output service/goods sold against Services Tax /ED paid on Input services / Inputs purchased.


Pl refer: https://www.caclubindia.com/articles/cenvat-credit-rules-from-scratch--18668.asp

Thanks



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