basic 10 lacs exemption to manufacturer
This query is : Resolved
VIPIN KUTUMBALE
(Querist)
11 August 2010
A manufucturer registered under excise, started new service e g rent of commercial property, Manufacture availing cenvate benefit on capital goods e g plant & machinery etc. is the manufacture entitle to claim basic exemption
VIPIN KUTUMBALE
(Querist)
12 August 2010
HOW CAN , THE MANUFACTURE IS USING CENVATE ON CAPITAL GOODS , THUS CONDITION TO AVAIL THE BENEFIT OF 10 NOT FULLFILLED
Vipin Gupta
(Expert)
14 August 2010
YES HE CAN CLAIM EXEMPTION BENEFIT
VIPIN KUTUMBALE
(Querist)
15 August 2010
the condition is to avail the assessee should not avail the cenvate benifit either on capital goods or input services/goods. inspite of this manufacturer is entitled for exemption
03 October 2021
No. The exemption is not available to be claimed in any form.
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