Availability of cenvat credit on transfer to sister concern

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....vailability of cenvat credit on transfer to sister concern<br> Query (Issue) Started By: - PRATAP SAMAL Dated:- 20-11-2007 Last Reply Date:- 24-11-2007 Service Tax<br>Got 2 Replies<br>Service Tax<br>T....

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....RANSFER OF CENVAT CREDIT AVAILED INPUT TO SISTER CONCERN.WHO WILL AVAIL THE CREDIT INTURN?HOW TO TRANSFER IT? Reply By V Ramanujam: The Reply: Under the present CENVAT provisions, transfer of credit ....

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....can be done only in respect of units/divisions of same concern. Transfer of credit to other concern (incl. sister concern if it is a separate entity)is available only in the case of change in ownershi....

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....p by way of sale, merger, amalgamation, lease or transfer of business as such. Reply By Surender Gupta: The Reply: Credit on inputs can be availed by the unit who receives the same in its premises. Th....

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....erefore, there is no scope of inter transfter of cenvat credit. However, in case input is transferred to other unit, fist unit has reverse the cenvat credit availed originally and such removal shall b....

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....e on excise invoice. After receiving the excise invoice, second unit would avail cenvat credit.<br> Discussion Forum - Knowledge Sharing ....