17 August 2015
Whether an assessee who is eligible to claim SSI exemption can book 100% cenvat credit wrt to Capital goods purchased in the first year itself??
Is it actually relevant that the assessee actually avails SSI exemption in order to book 100% cenvat credit in the year of purchase itself??
What if the assessee though eligible to claim SSI exemption, does not claim the exemption, can he still claim 100% credit in the first year itself???
17 August 2015
If assesse has been availing SSI exemption then he can claim 100% credit of capital goods otherwise 50% cenvat credit will be available.
CAclubindia
