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Cenvat - Credit

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(Querist)
14 October 2008 Can anyone kindly explain the treatment of Cenvat in books of accounts as per IT Act & AS-2
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Jitender

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Jitender (Expert)
15 October 2008 cenvat credit is not added in closing stock as per as-2 but as per i.tax act , it is added.

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