modvat
This query is : Resolved
30 July 2009
Modvat Stands for Modified Value Added Tax.
To put it simply, it was the scheme of allowing credit of excise duty paid on inputs and capital goods and its utilisation to discharge the excise duty payable on final product.
It is the earlier version of present day Cenvat.
To put it simply, it was the scheme of allowing credit of excise duty paid on inputs and capital goods and its utilisation to discharge the excise duty payable on final product.
It is the earlier version of present day Cenvat.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- IT Return filed defective u/s 139 (9)
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- Income Type for interest from government bonds
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- Not a CA , can we prepare balance sheet
- FREELANCING ACCOUNTANT
- TDS RATE ON RENT PAID TO NRI
- Application of 115BAC
- Notice u/s.148- Asstt.Year 2015-2016
- Who writes wikipedia pages in London
- Invoice Numbers WROGLY ENTERED
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
