Cenvat credit of cvd u/s 3(5)
This query is : Resolved
11 August 2013
whether CENVAT credit available on CVD levied u/s 3(5)(Duty equal to sales Tax)
13 August 2013
CENVAT credit is available for CVD charged under sec.3(5) following cases
1.when manufacturer using that materials for their manufacturing purpose ( Notification: 18/2006
2. Incase of traders selling imported goods in India after charging Sales tax/VAT,they can claim the refund Notification:102/2007
But incase of service provider, no CENVAT credit because the duty basically charged the effect of VAT/Sales tax on that goods.
1.when manufacturer using that materials for their manufacturing purpose ( Notification: 18/2006
2. Incase of traders selling imported goods in India after charging Sales tax/VAT,they can claim the refund Notification:102/2007
But incase of service provider, no CENVAT credit because the duty basically charged the effect of VAT/Sales tax on that goods.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- SEC 54 OF IT ACT
- Form 26QB for TDS on property
- Residential status for filling income tax returns in India
- Donation Receipt u/s 80G
- Payable outstanding for years disallowance
- GST rate for millets.
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- GST Annual Returns filing due date
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
