CAPITAL GOODS.
This query is : Resolved
16 June 2010
Dear Experts,
In the year 09-10 we have taken a CENVAT credit(1st 50%) amount of Rs.50,000.00 for a certain capital goods. And next financial year (i.e 10-11) we have taken again balance 50% i.e 50,000.
But the actual amount is 60,000.00 insted of 50,000.00
Now can we take balance 20,000.00 together.
Kindly confirm me.
Thanks and regards,
R.
In the year 09-10 we have taken a CENVAT credit(1st 50%) amount of Rs.50,000.00 for a certain capital goods. And next financial year (i.e 10-11) we have taken again balance 50% i.e 50,000.
But the actual amount is 60,000.00 insted of 50,000.00
Now can we take balance 20,000.00 together.
Kindly confirm me.
Thanks and regards,
R.
Arbind Aggarwal
(Expert)
18 June 2010
Yes, the balance amount of credit can be taken now.
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