Cenvat credit
This query is : Open
15 May 2013
Kindly let me know whether Cenvat Credit of capital goods installed which is not put to use can be taken or not against excise duty payable at present.
This capital goods are purchased for different process in addition to existing manufacturing goods and still not put to use.
i.e. whether Cenvat on these capital goods which are not put to use can be taken against excise duty payable on existing manufacturing facilities.
Thanks.
This capital goods are purchased for different process in addition to existing manufacturing goods and still not put to use.
i.e. whether Cenvat on these capital goods which are not put to use can be taken against excise duty payable on existing manufacturing facilities.
Thanks.
15 May 2013
In the 1st year the condition is only receipt for the subsequent years usage is necessary. Therefore in 1st year 50% of the duty credit canbe availed and utilised.
29 May 2013
Further as per accounting treatment we are capitalising every exp. before unit is start up whether it is Input or capital goods.
Now my question is how we have to take credit of Input, as a Input or Capital goods.
Now my question is how we have to take credit of Input, as a Input or Capital goods.
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
