Cenvat credit utilization
Sridhar (Student CMA) (77 Points)
03 January 2014
Shivashish
(Chartered Accountant)
(2796 Points)
Replied 04 January 2014
Probably yes, if you are paying tax for such period then cenvat credit shall be available for such period(quantity used in manufacturing goods on which tax is payable)
Sridhar
(Student CMA)
(77 Points)
Replied 04 January 2014
Jatin Gupta
(Student)
(30 Points)
Replied 04 January 2014
karan jit singh
(Consultant)
(1299 Points)
Replied 04 January 2014
You can claim Cenvat Cr (undoubtly) and accordingly you have to charge ED on invoice.
No Cenvat cr of Inputs and services are available if you are excercising 8/2003 i.e.(SSI exemption).
In such case you can claim Cr. on capital goods.
Sridhar
(Student CMA)
(77 Points)
Replied 04 January 2014
karan jit singh
(Consultant)
(1299 Points)
Replied 04 January 2014
YEAH SURE..you can enter accordingly in Register 23A without any worry
Harendra Kumar
(Tax Advisor )
(1326 Points)
Replied 05 June 2014
Sir,
Sir,
In this regard my queries that if a person availed the SSI exemption then how can they charge the excise duty and how can also availed the Cenvat Credit in this regard.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)