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what is cenvat credit expain it
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Answer Posted / ravisha m.m
cenvat credit rule is introdused to reduse double taxation.
it helps to exporter too.......... & it is redeuse the
burden on the final consumers....even though analysis of
this rule is difficult because every staga of manufacturing
process they will pay the tax on that ultimatly result is
whole burden should be bared by the consumers so as to govt
has to rectify it in proper way (no rigidity)
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