Cenvat Credit
This query is : Resolved
01 June 2009
We're a Pub.Ltd.Coy, Constructing a Factory
for Manufacturing Activity @ 60% finished stage.
For the Construction we're receiving Steels in exceise Invoice that having CENVAT of 14%.
We also Collecting & paying CENVAT on Excise Bills, Quarterly.
Qn.
1.Shall We Take that Steel Bill CENVAT 14% Credit as input against our trade Excise Bill?.
2.The Steel Bill related to Sep'08,Oct'08 Can I Take it Now, ie.,for Jun'09 Quarter?.
Kindly Reply.Urgent
We're a Pub.Ltd.Coy, Constructing a Factory
for Manufacturing Activity @ 60% finished stage.
For the Construction we're receiving Steels in exceise Invoice that having CENVAT of 14%.
We also Collecting & paying CENVAT on Excise Bills, Quarterly.
Qn.
1.Shall We Take that Steel Bill CENVAT 14% Credit as input against our trade Excise Bill?.
2.The Steel Bill related to Sep'08,Oct'08 Can I Take it Now, ie.,for Jun'09 Quarter?.
Kindly Reply.Urgent
01 June 2009
11 September 2009
If it is Input / Capital Goods for your manufacturing unit then you can take Cenvat Credit.
Input / Capital Goods Definitions explained in Cenvat Credit Rules, 2004.
There is no time limit specified in the rules, so you can take the Cenvat Credit if the above goods are inputs / Capital Goods.
CH.L.N.SASTRY
09948528139
Input / Capital Goods Definitions explained in Cenvat Credit Rules, 2004.
There is no time limit specified in the rules, so you can take the Cenvat Credit if the above goods are inputs / Capital Goods.
CH.L.N.SASTRY
09948528139
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