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TMI BlogAvailability of cenvat credit on transfer to sister concernX X X X Extracts X X X X X X X X Extracts X X X X ..... TRANSFER 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 cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edit 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 ow ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nership 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 p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... remises. Therefore, 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 remo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... val shall be on excise invoice. After receiving the excise invoice, second unit would avail cenvat credit. - Availability of cenvat credit on transfer to sister concern - Query Started By: - PRATAP S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AMAL Dated:- 20-11-2007 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxman ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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