Cenvat of excise duty
CMA Pramod Derle (acountant) (40 Points)
13 April 2016CMA Pramod Derle (acountant) (40 Points)
13 April 2016
ACCOUNTANT
(Student)
(559 Points)
Replied 14 April 2016
cenvat credit obtained on purchase of machinery can be claimed at the time of charge on the manufactured product.Even though credit claimed soon at the purchase of machinery, balance is claimed at point of charge/even after 3 yrs
Venkatanarayana GM
(Partner associate at Hiregange & Associates)
(1279 Points)
Replied 17 April 2016
Once you availed the credit in returns, you can go on utilizing that credit. Provided your a manufacturer and paying excise duty at normal rates and not claimed any concessional benefits.
Venkat
venkat @ hiregange.com
9620116162
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961