10 April 2013
One of my client is having excisable unit. He raise the Invoices in March-13. But does not despatch the goods same day for 10-15 days. But Excise duty is paid on such invoices as on 05.04.2013. On 08.04.2013 these invoices are cancelled and cenvat credit is taken on cancelled invoices in April 2013. Please advice it is permissible or not.
10 April 2013
You should not cancelled the invoice you can take the cenvat credit on the basis of your invoice. Before the payment of duty you should cancelled the invoice.
CAclubindia
