Cenvat Credit Rules, 2004 CA V.RAGHURAMAN B.Com , fca , llb , ACS, Grad. cWA
Cenvat Credit Rules, 2004 CA V.RAGHURAMAN B.Com , fca , llb , ACS, Grad. cWA. INTRODUCTION. Credit mechanism is vital for effective operation of Value Added Tax system Introduced for the first in 1986 as ‘Modvat credit’, initially credit mechanism was available only for ‘inputs’.
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