Accountancy, asked by AlmasK47, 1 year ago

what is mean by modvate/Cenvate in accounts?

Answers

Answered by anchal2002

CENVAT - Central Value Added Tax.CENVAT is the new name for MODVAT. Basically they are the same. These are related to central excise. CENVAT means, Tax on Value Addition on the goods manufactured according toCentral Excise & Customs Act Difinition.

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