Cenvat credit
This query is : Resolved
04 July 2012
we have purchased capital goods from India and from other counntry Mining Equipments and Mining Commercial vehicles for providing output service(buisness Auxilary Service)in 2011-2012.But we want to take cenvat credit(Excise Duty,Cess,CVD,Cess) in 2012-2013 against our taxable output service.We have submitted our return ST-3 upto March-2012.
Can we take 100 % Cenvat credit in 2012-2013 showing cenvat credit in 20i2-2013.
What Documents and register to be maintained ?
Can we take 100 % Cenvat credit in 2012-2013 showing cenvat credit in 20i2-2013.
What Documents and register to be maintained ?
05 July 2012
Yes 100 % tax credit can be claimed from Second Year if Output ST liability is paid by yuor comany @ full rate and not after availing abatement.
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