18 June 2013
We Pvt Ltd goinf to take over one of the partnership firm doing manufacturing business called 'A' on a particular date say 20th June 2013, firm 'A' having purchase contract with their suppliers till July 2013, there is no provision for amend the orders, now my doubt is, after taken over happened we are going to receive some material in the name of 'A, in this case what is the procedure for taking CENVAT credit and input VAT in new our new compny, please provide your guidelines,
19 June 2013
After the takeover the business you can take the fresh registration at your constitution of the company and then you can pay the duty on finished goods and take the cenvat credit on the purchase goods.