Cenvat credit
This query is : Resolved
23 June 2014
if company purchase capital asset for mfg process at 30 th march...as per rules cenvat credit on capital good taken 50% in first year nd 50% in second...in this case ....we take the credit remaining 50% in 1 st April or Not... .suggest whts is treatment of cenvat credit.
23 June 2014
Yes you will take 50% on 30th March & remaining 50% in next year as per cenvat Credit rules.
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