TaxTMI 
TaxTMI 
CENVAT CREDIT
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....ENVAT CREDIT<br> Query (Issue) Started By: - PRANAB PANDA Dated:- 9-9-2016 Last Reply Date:- 10-9-2016 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Dear All We are following the procedure ....
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....as laid down in Rule 4 Cenvat Credit Rules, 2004 at the time of availing Cenvat credit on input, capital goods and service. What will the conditions for availing ITC on inward supply under GST era? ....
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.... * Whether on receipt of inward supply * Receipt of invoice/Challan * Making Payment to the supplier Reply By MARIAPPAN GOVINDARAJAN: The Reply: Even though there are many assumptions and presum....
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....ptions, it will be clear only the enactments have been made and rules framed there under. Reply By Ganeshan Kalyani: The Reply: Sir , it is neither of the three instances as mentioned by you. It is ....
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....totally depend on whether your supplier has paid the output tax or not. Only if he has paid the tax you will be allowed to take the credit, otherwise the credit would be rejected. Thanks. Reply By G....
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....aneshan Kalyani: The Reply: Sir, however as rightly said by Sri Mariappan Sir sir the provision is still a draft and further changes in the draft is expected. Till the draft become an act nothing sho....
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....uld be considered as final. Thanks. Reply By KASTURI SETHI: The Reply: Sh.Ganeshan Kalyani Ji, Your views are crystal clear and full of logical as well as legal force. Why to waste time until or u....
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....nless draft GST is converted into an ACT.<br> Discussion Forum - Knowledge Sharing ....