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what is modvat and cenvat

Question Posted / yaarpyarkar87

Answers were Sorted based on User's Feedback



what is modvat and cenvat..

Answer / vaibhav sharma

modvat - exice duty on purchse
and
cenvat - exice duty on sale

Is This Answer Correct ?    19 Yes 4 No

what is modvat and cenvat..

Answer / dev

modvat is eralier machanism of input vat & output vat


while cenvat is recent concept of determining the vat
liability

only name changed
not the cocept

Is This Answer Correct ?    1 Yes 1 No

what is modvat and cenvat..

Answer / sonal

who ever have ticked the first ans right please confirm
it....name is changed not the concept .

Is This Answer Correct ?    0 Yes 0 No

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