cenvat credit rule for first &second stag dealers
This query is : Resolved
04 February 2011
In case of first & second stage dealer , is is compulsory that material must enter dealers registered premiss before he takes cenvat credit?
When he can issues excise invoice (in respect recipt of material)?
In case of first & second stage dealer , is is compulsory that material must enter dealers registered premiss before he takes cenvat credit?
When he can issues excise invoice (in respect recipt of material)?
05 February 2011
Yes entry of material is compulsory.
Invoice can be raised after taking the material in stock, However input credit may be taken after 24 hours.
Invoice can be raised after taking the material in stock, However input credit may be taken after 24 hours.
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