Cenvat credit

This query is : Resolved

Ritesh (Querist)
Follow

21 June 2016 I crossed 1.5 cr turnover in jan 16 at that we take credit on stock & charge excise thereafter and at the year end we reverse the credit on closing stock. Now my question is that on feb months bill's debit note received on may 16 we can get the cenvat credit???

Thanks in Advance

Rupesh Jain

Rupesh Jain (Expert)
Follow

21 June 2016 you can take credit on invoice only not on the debit note. and its take with in 6 month from the date of invoice.

Ritesh

Ritesh (Querist)
Follow

22 June 2016 My question is that i sale goods with excise and due to rate difference they give debit note now i can get credit on that debit note ??

Upgrade to CAclubindia Pro. Subscribe Now!

Rupesh Jain

Rupesh Jain (Expert)
Follow

22 June 2016 due to rate diff is not allowed under the excise you have to file with commissioner of excise for that. you can claim only return of goods only.