Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1997 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1997 (12) TMI 653 - AT - Income TaxExtract: .......tent raw material items have been consumed in the production. MODVAT Credit Availed Account Dr. ₹ 120 To Materials Consumed ₹ 120 (Being the set-off of the MODVAT credit availed against materials consumed) (iii ) The credit balance in the MODVAT Credit Availed Account will be deducted from the value of the closing stock of raw material.
|