WHAT IS MEANING OF CENVAT CREDIT & CENVAT AVAIL

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WHAT IS MEANING OF CENVAT CREDIT & CENVAT AVAIL..

Answer / ravi

cenvat credit means it is input(purchase & you paid tax on that) of raw materials &
Services used for service provide or manufacture the finished goods.
cenvat avail means it is used to pay duty what you have credit as per your book and remain balance duty you keep for next month.

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WHAT IS MEANING OF CENVAT CREDIT & CENVAT AVAIL..

Answer / binodram

Both are same meaning, the benefit of Cenvat taken

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