CENVAT CREDIT???
This query is : Resolved
shuja khan
(Querist)
14 April 2010
IN CASE OF EXCISABLE CAPITAL GOODS, CENVAT CREDIT FOR CAPITAL GOODS IS TO BE TAKEN NOT EXCEEDING 50% AS PER THE PROVISIONS OF THE ACT. WHETHER IT CAN BE TAKEN BELOW 50% eg. 30% AND THE BALANCE 70% IN THE NEXT SUBSEQUENT YEAR????
14 April 2010
Yes.... you can do that....
you can claim that easily.. restriction is 50% for the first year.
you can claim that easily.. restriction is 50% for the first year.
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