CAG Audit Report on Incorrect Availment / Utilisation of Cenvat Credit under Works Contract

CAG In its report No. 26 of 2015 has compiled its findings on incorrect availment and / or utilisation of cenvat credit in regard to works contract. Majorly the findings relate to aspects as under:-

  • Availment of Credit on Input Services that was ineligible under Rule 2(l) of Cenvat Credit Rules, 2004
  • Non Compliance of Rule 6(3) of Cenvat Credit Rules, 2004 for residential complexes sold after completion certificate
  • Excess Availment of Cenvat Credit
  • Availment of Ineligible Cenvat Credit on Inputs under Rule 2(k) of CCR, 2004

The Complete Report on Cenvat Availment and / or Utilisation is as under:-

CA Ankit Gulgulia (Jain) |

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