Interested to Buy Any Domain ? << Click Here >> for more details...
What is meaning of cenvat credit please described in detail.
- 16 Answers
- 121146 Views
- Ferrari, Steelco Gujarat Ltd, Whirlpool, I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
Cenvat Credit refers to availing (taking) credit of CENVAT
Charged by a manufacturer, or dealer in his sales invoice by
the purchaser of goods.
The purchaser of goods is entitled to adjust the Cenvat in
his purchase bills against the Cenvat charged in his Sales
Invoices as per the Provisions of Central Excise Act, in India.
Please refer both Central Excise & Service Tax Acts for more
information ; Availing & utilisation of Cenvat credits as
these are related.
| Is This Answer Correct ? | 150 Yes | 40 No |
Post New Answer View All Answers
What are the types of liabilities accounts?
can any one send me tally professional version link
what do you mean byrecoupment of shortworkings in royalty accounts
What a deferred asset is and give an example?
what is profit maximisation
What is cotangent Account?
how many times we can deposit the old currency in one a/c in the bank
How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.
List of Indian accounting standards and international financial reporting standards
what is different between leaser of subsidary book and journal?
What is dd and a in oil and gas accounting?
salary and rent entry with tds deduct
CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT
what is the right process for input credit of Service tax. and on which service i can take credit.
What is the difference between personal account real account and nominal account?
