Allowing Non-Registered Traders to Issue Invoices Risks Misuse and Disruption of CENVAT Credit System Integrity.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....CENVAT credit - duty paying documents - If the department starts accepting the invoices issued by a trader, who is not a registered dealer, it will create chaos in the Cenvat credit system and there will be flagrant misuse of the said scheme, which is a facility to present cascading effect of taxes - AT....