Raghavendra (accountant) (27 Points)
04 November 2011Dear Experts,
We are the manufacture of Dutable goods, if we make trading of such goods (purchase and sale of similar goods manufactured by us), wether it is treated as 'EXEMPTED SERVICES' and whether it is hit by Rule 6 of Cenvat Credit Rules.
Kindly give clarification.
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 04 November 2011
Trading is hit by Rule 6 of CCR eventhough you trade similar goods manufactured by you.
nitin kumar vijay
(Manager(Accounts))
(282 Points)
Replied 04 November 2011
If you make trading of goods you shoud be reversed CENVAT credit taken on trading goods.
vishnu
(job)
(75 Points)
Replied 05 November 2011
CAclubindia
