Cenvat credit to group companies

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2013 Hi,

Whether a company can transfer the CENVAT credit to the group companies.

where the said company has excess credit

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
Follow

29 November 2013 Different companies of the same group are different entities under the Finance Act.

There is a system of transfer of credit from different branches of the same company vide the concept of input service distributor but not for different companies say A ltd and B ltd belonging to a group cannot transfer credits between them

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
Follow

29 November 2013 Different companies of the same group are different entities under the Finance Act.

There is a system of transfer of credit from different branches of the same company vide the concept of input service distributor but not for different companies, say A ltd and B ltd belonging to a group, cannot transfer credits between them

Upgrade to CAclubindia Pro. Subscribe Now!

Online classes for CA CS CMA