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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
