TaxTMI 
TaxTMI 
CENVAT CREDIT ON DEBIT NOTE
15 Jun 2010 
3 Replies 
7961 Views Asked by
Cenvat credit on debit notes is generally not accepted; supplementary invoices and Rule 9 compliance are required, notify department.
A standalone debit note is generally not a valid excise document for claiming Cenvat credit; a supplementary or excisable invoice is the appropriate supporting document. A tribunal accepted credit on a debit note where it contained all particulars required under Rule 9 of the Cenvat Credit Rules, but other authorities have disallowed such credit. Given conflicting precedents, taxpayers are advised to obtain a supplementary invoice or, if taking credit on a debit note, to notify the department and ensure full Rule 9 compliance. (AI Summary)
A standalone debit note is generally not a valid excise document for claiming Cenvat credit; a supplementary or excisable invoice is the appropriate supporting document. A tribunal accepted credit on a debit note where it contained all particulars required under Rule 9 of the Cenvat Credit Rules, but other authorities have disallowed such credit. Given conflicting precedents, taxpayers are advised to obtain a supplementary invoice or, if taking credit on a debit note, to notify the department and ensure full Rule 9 compliance. (AI Summary)
DEAR SIR, CAN I CLAIM CENVAT CREDIT BY DEBIT NOTE