Dear Expert,
We have excess cenvat credit. How can more beneficial for company to leave Cenvat credit, Service Tax credit or Capital Goods credit. Please tell which type of cenvat credit to be leave.
Thanks
2 Replies
Mallikharjun
(Deputy Manager)
(304 Points)
Replied 24 February 2012
If a company is having excess cenvat credit, to that extent funds are blocked. If you are having exports, utilsie the cenvat credit for exports and get rebate in cash from the government. Also try to analyse the reasons for excess credit. If your inputs duty rate is more than the ouput duty rate, then request the department to reduce the input duty rate. This request can be done through your industry.
Ram kr.
(Buisness)
(883 Points)
Replied 24 February 2012
After fulfil every condition we have excess cenvat credit. I want to know only that what type of cenvat credit we leave like capital goods, raw material input or service tax credit to save cost.
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
