Cenvat Credit

This query is : Resolved

NEERAJ AGARWAL (Querist)
Follow

09 December 2016 Dear members it would be kind if someone could help me on this. Suppose if an intermediate product is out of GST say electricity and there are inputs say fuel coal etc reqd to generate that electricity. Now when that electricity is used as a intermediate product to generate a final product say aluminum . Will credit on inputs used to generate electricity (viz coal fuel other taxable input) be available!???

CA Suresh Jain

CA Suresh Jain (Expert)
Follow

10 December 2016 So far intermediate products are not in the picture in GST. GST is on supply of good and services

CA Amrita Chattopadhyay

CA Amrita Chattopadhyay (Expert)
Follow

12 December 2016 Credit would be available for the raw material, semi-finished and finished goods if they have GST component. If the raw material used in production of electricity is used for actual production of finished goods, credit would be available for the same.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

R.Prashanth

Swarna Gurumurthy

seshachary

rajeev koolwal

Prashant Kotecha

Subscribe Now

Cenvat Credit

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Article Assistant

CA Final

Accountant

GST CONSULTANT