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
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- FORM 26A APPLICABILITY
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS LATE PAYMENT
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- 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
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
