Cenvate on return material
This query is : Resolved
27 August 2015
DEAR SIR
WE HAVE DISPATCHED MATERIAL ON 30.03.2015 TO CHENNAI. CHARGED EXCISE & VAT ON THIS BILL.
BUT NOW TRANSPORTER SAID THAT PARTY IS NOT TAKING THE MATERIAL & HE RETURN THE MATERIAL TO US ON OUR BILL. SO PLEASE TELL NOW CAN WE REVERSE THE CENVATE & VAT AMOUNT TO RECOVER OR LOSS
THANKS & REGARDS
VIPIN KUMAR SHARMA
WE HAVE DISPATCHED MATERIAL ON 30.03.2015 TO CHENNAI. CHARGED EXCISE & VAT ON THIS BILL.
BUT NOW TRANSPORTER SAID THAT PARTY IS NOT TAKING THE MATERIAL & HE RETURN THE MATERIAL TO US ON OUR BILL. SO PLEASE TELL NOW CAN WE REVERSE THE CENVATE & VAT AMOUNT TO RECOVER OR LOSS
THANKS & REGARDS
VIPIN KUMAR SHARMA
27 August 2015
Yes, you can take the cenvat credit on own invoice after receipt of material.
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