modvat

r u asking from accounts angle or tax angle??

CENVAT credit availed should be considered for materials consumption. If the same is added in your turnover you can also added the same amount in the material consumed other wise you should not. Because the cenvat to be availed is a balance sheet item not a revenue item you can avail upto its exaust.

as per accounting standard and accounting standared interpretation the entities need to compulsarily disclose their grossed up turn over in the financial statements