unutilised cenvat.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2011
whether unutilised amount of cenvat credit be added to the profit and taxed during the year?
05 March 2011
No. The unutilised portion of CENVAT Credit can be carried forward and set off against future Excise & Service Tax Output liabilities
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