We Want to pass the excise credit. where we are trader .can we transfer ,
Please guide the process to follow in brief .
We req. registration under excise,?
2 Replies
P.Bashista
(Advocate)
(367 Points)
Replied 08 April 2010
Yes to pass the credit as a dealer you need to first take the excise registration.
Arun Kumar Singh
(GST Advocate)
(15220 Points)
Replied 09 April 2010
Yes, you can pass the credit as a trader. You are registered as dealer, you can sell the goods to your client and pass cenvat to your customer. This value of goods will not be included in the service charges for payment of service tax. You will be paying service tax on such reduced value, on which your customer can take credit.
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