availing cenvat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2011
is it possible to avail & utilise cenvat credit in RG 23A& RG 23C during the exempted period of goods?
2.Is it possible to avail the cenvat credit in RG 23c during the constrcution of capital Asset?
2.Is it possible to avail the cenvat credit in RG 23c during the constrcution of capital Asset?
S.P.Mahanta
(Expert)
03 July 2011
No Cenvat Credit available on inputs / capital goods during period of goods being exempted fron whole of excise duty or being nil duty. However,receipt of inputs / capital goods may be entered in RG 23A/RG23C for record as well for availment of Cenvat Credit when goods become dutiable.
2) No bar in availing Cenvat credit in RG 23C during construction period of capital asset, subject to rule 4(2)(a) & (b) of CCR'2004.
Units enjoying SSI status can avail 100% Cenvat Credit in first year itself
2) No bar in availing Cenvat credit in RG 23C during construction period of capital asset, subject to rule 4(2)(a) & (b) of CCR'2004.
Units enjoying SSI status can avail 100% Cenvat Credit in first year itself
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Whether output tax is taken credit by purchaser
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Equity Share Sale and Purchase
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
