CENVAT Credit Scheme

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf Taxation Scheme
gptkbp:abolished 1 July 2017
Implementation of GST
gptkbp:administeredBy gptkb:Central_Board_of_Indirect_Taxes_and_Customs
gptkbp:allowsCreditFor gptkb:Service_Tax
Excise Duty
gptkbp:appliesTo Manufacturers
Service Providers
gptkbp:country gptkb:India
gptkbp:creditUtilization Payment of output excise duty
Payment of output service tax
gptkbp:dateEnacted gptkb:Central_Excise_Act,_1944
gptkb:Finance_Act,_1994
gptkbp:fullName Central Value Added Tax Credit Scheme
https://www.w3.org/2000/01/rdf-schema#label CENVAT Credit Scheme
gptkbp:introducedIn 2004
gptkbp:notAllowedFor Goods used for personal consumption
Motor vehicles (with exceptions)
gptkbp:purpose Avoid cascading effect of taxes
gptkbp:replacedBy gptkb:Goods_and_Services_Tax
gptkbp:requiredDocuments Duty paying documents
gptkbp:bfsParent gptkb:Central_Excise_Duty_in_India
gptkbp:bfsLayer 7