My question is on availment of cenvat credit based on computer generated invoices written as its a computer generated invoice and requires no signature.
Can Cenvat availment is possible as per law for such kind of invoice.
Is there any specific exemption to banking sector that they can issue invoice without signature??
14 November 2012
Any digital /computer generated invoice does not bear the signature . PROVISO TO RULE 9 OF CENVAT CREDIT RULES 2004 CONTAINS :
Provided that if the said document does not contain all the particulars but contains the details of duty or service tax payable, description of the goods or taxable service, assessable value, Central Excise or Service tax Registration number of the person issuing the invoice, as the case may be, name and address of the factory or warehouse or premises of first or second stage dealers or provider of taxable service, and the Deputy Commissioner of Central Excise or the Assistant Commissioner of Central Excise, as the case may be, is satisfied that the goods or services covered by the said document have been received and accounted for in the books of the account of the receiver, he may allow the CENVAT credit .
So it does not neccessarily contain all the information but , if it contains above information they can avail cenvat credit .... signature of the buyer is not mandatory . Any ways nowadays every body knows including excise dept that a computer generated statement does not contain any signature . Practically you can avail the cenvat credit ... No pblems
CAclubindia
