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CENVAT Credit

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(Querist)
23 June 2009 Whether Cenvat credit on service tax on account of contractors bill for capital goods are available in the same year or the same is to be utilised 50% in current year & 50% in next year as in case of Excise Duty?
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
23 June 2009 Query not clear.
Who has got the capital goods for which purpose are they to be used?
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Jiwan singh

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Jiwan singh (Expert)
23 June 2009 50% current year 50% next year




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