Criteria for capital goods cenvat credit

This query is : Resolved

pankaj (Querist)
Follow

05 May 2015 Our previous year turnover is above 5 core. Can we take 100% Cenvat Credit on capital goods or 50% . Please advise. Thanks

Tapas Ruparelia (Expert)
Follow

06 May 2015 50% in the year of purchase of cap. goods and 50% in next year.

This provision applies irrespective of the turnover.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess