Cenvat credit for stock held on appointed day
This query is : Resolved
girigattupalli
(Querist)
18 April 2017
respected sir,
soaps and cosmotics say for example hindutanlever products suffer central exice at manufacturing point. so stocks held on appointed day would be cenvat goods . but purchase invoice of a retail dealer contains only vat collected in the state. there will be no indiacation of cenvat . now the retailer can claim credit of cenvat on goods held in stock at appointed day. please discuss.
thanking you
soaps and cosmotics say for example hindutanlever products suffer central exice at manufacturing point. so stocks held on appointed day would be cenvat goods . but purchase invoice of a retail dealer contains only vat collected in the state. there will be no indiacation of cenvat . now the retailer can claim credit of cenvat on goods held in stock at appointed day. please discuss.
thanking you
CA R SEETHARAMAN
(Expert)
19 April 2017
No input tax credit can be claimed on the appointed date as purchase invoice doesn't contain centeral excise details.
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