Cenvat claim on capital goods
This query is : Resolved
09 February 2015
Dear Experts ,
we are into paint manufacturing business (production not yet started/construction stage).we have received the following items for different purpose ,shall i claim cenvat as a capital goods on the following items ?
1.5000 kl PVC water tanks - for supply of water to Administration building. CETA code is :39251000
2.PVC Pipes for water connection pipe line only for gardening purpose CETA Code is :39172390
3.Tube light fittings - all over the factory building CETA CODE is : 94052090
4.MS -Supports - columns,beams ,channels CETA CODE is : 73090090.
Thanks in Advance to all.
we are into paint manufacturing business (production not yet started/construction stage).we have received the following items for different purpose ,shall i claim cenvat as a capital goods on the following items ?
1.5000 kl PVC water tanks - for supply of water to Administration building. CETA code is :39251000
2.PVC Pipes for water connection pipe line only for gardening purpose CETA Code is :39172390
3.Tube light fittings - all over the factory building CETA CODE is : 94052090
4.MS -Supports - columns,beams ,channels CETA CODE is : 73090090.
Thanks in Advance to all.
20 February 2015
Dear Surendra,
You can not take cenvat credit on the material used in construction of building.
Cenvat credit rules are very clear you can take credit only on inputs which are used in the manufacturing of Finished goods on which you will pay excise duty
You can not take cenvat credit on the material used in construction of building.
Cenvat credit rules are very clear you can take credit only on inputs which are used in the manufacturing of Finished goods on which you will pay excise duty
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
Similar Resolved Queries
Unanswered Queries
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
