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TMI BlogCenvat cases whether eligible under Legacy Dispute Resolution SchemeX X X X Extracts X X X X X X X X Extracts X X X X ..... Union Budget 2019 has introduced a Finance Bill 2019 in which in Chapter V it was stated Legacy Dispute Resolution Scheme (LDRS) will be applicable for excise duty and service tax related matters. Question is whether Cenvat related matters are covered under LDRS? - Reply By KASTURI SETHI - The Reply = Yes. Whatever demand has been confirmed, dues are to be paid in cash and no further ITC i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s allowed on the amount of duty/ST deposited. Further we have to wait for enactment. - Reply By RAJAGOPAL OBBAI - The Reply = Where does it flow from regulation that Cenvat was part of excise duty to cover under LDRS? - Reply By KASTURI SETHI - The Reply = The assessees take Cenvat Credit of Central Excise duty paid on inputs/capital goods and take credit of Service Tax paid on input service ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. Duty paid through PLA and Cenvat Credit Account is at par . It has been held by CESTAT. The Department accepts it. What is most crucial is that threr must be correct PLA : CENVAT ratio. Value addition portion should come from PLA after adjusting credit on Capital Goods, Exported Goods/Services etc. Duty paid character is same. Demand confirmed for reversal of credit is also deman ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d of duty. - Cenvat cases whether eligible under Legacy Dispute Resolution Scheme - Query Started By: - RAJAGOPAL OBBAI Dated:- 18-7-2019 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - 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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