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Cenvat credit rules, 2004 In case we have taken the credit on Inputs and Capital Goods what is the time limit for making the payment to the vendor so that the credit that we ve taken is not reversed Please also mention the rule

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Provided that while paying duty in the manner specified under sub-rule (1) of rule 49 or sub-rule (1) of rule 173G, as the case may be, the CENVAT credit shall be utilized only to the extent such credit is available on the fifteenth day of a month for payment of duty relating to the first fortnight of the month, and the last day of a month for ...

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CENVAT Credit 7.1 Introduction ... is available. Exceptions: Credit of the service tax paid on insurance, servicing, repair, maintenance etc.

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CREDIT AVAILMENT BY HOTELS AND RESTAURANTS

While allowing the appeal of appellant by way of remand, Delhi bench of CESTAT held that cenvat credit is available on service tax paid on transportation of the vehicles.

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1 CREDIT AVAILMENT BY HOTELS AND RESTAURANTS Introduction Under negative list based taxation, service tax is levied on service portion in an activity

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CENVAT credit is also available in respect of duty paid on capital goods, which include machinery, plant, spare parts of machinery etc. in other words, instead of paying cashThe role of CBECCentral Board of Excise and Customs in India

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Explore more information on CENVAT credit rules in India. ... Rule 3 has information on CENVAT credit which is available to manufacturers;

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Explore more information on CENVAT credit rules in India. Check CENVAT Rules Modified Value Added Tax Working of CENVAT. ... Rule 3 has information on CENVAT credit which is available to manufacturers; Rule 4 mentions how eligible manufacturers can claim CENVAT credit; Rule 5 contains provisions regarding the refund of credit …