Cenvat credit on cst purchases
This query is : Resolved
23 August 2012
In case of Manufacturing Concern covered under Excise Law, Whether Cenvat Credit is avaiable on Inter State Purchases i.e. CST/OGS Purchases either at the rate of 2% Against C Form or 5% without C Form.
24 August 2012
Yes
in both the cases if Party is Issuing Excise invoice as per Rule -11 of central Excise Rules -2002
Nilesh K-Sagar
in both the cases if Party is Issuing Excise invoice as per Rule -11 of central Excise Rules -2002
Nilesh K-Sagar
24 August 2012
Dear Sagar Ji,
Thanks for Reply. Here what is Meaning of Party i.e.whether my client being Manufacturer or Supplier.
Thanks for Reply. Here what is Meaning of Party i.e.whether my client being Manufacturer or Supplier.
25 August 2012
Dear Mr Sanjay
Please note that Cenvat credit is available for a manufacturer who is registered under excise, irrespective of purchase place whether with-in the state or out side the state, because Excise Law is all over the country is one and the same.
If you are talking about the Sales Tax credit i.e CST, that is not available.
Please note that Cenvat credit is available for a manufacturer who is registered under excise, irrespective of purchase place whether with-in the state or out side the state, because Excise Law is all over the country is one and the same.
If you are talking about the Sales Tax credit i.e CST, that is not available.
26 August 2012
Dear Mr Sanjay
Here party means any Dealer or Manufacturer registered under Central Excise from whom u r purchasing goods for manufacturing or Trading purpose
Here party means any Dealer or Manufacturer registered under Central Excise from whom u r purchasing goods for manufacturing or Trading purpose
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