Difference of cenvat & modvat

VIKASH (Accountant) (40 Points)

13 January 2013

HI,

I WANT TO KNOW WHAT IS DIFFERENCE OF CENVAT BETWEEN MODVAT.

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Manmohan ACA, CS (Chartered Accountant ) (14243 Points)
Replied 13 January 2013

MOD WAS EARLIER CONCEPT WHEN CENVAT WAS ALLOWED ONLY FOR EXCISABLE GOODS....NOW IT IS ALLOWED ON GOODS & SERVICES HENCE CENVAT

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CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 13 January 2013

Originally posted by : Manmohan
	MOD WAS EARLIER CONCEPT WHEN CENVAT WAS ALLOWED ONLY FOR EXCISABLE GOODS....NOW IT IS ALLOWED ON GOODS & SERVICES HENCE CENVAT

AGREED.

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