Cenvat credit
This query is : Resolved
09 July 2011
Whether a steel manufacturing company whose plant is under construction can claim cenvat credit of Excise & VAT on the purchase of fire clay bricks ? Moreover, VAT credit should be taken for Fly ash bricks or not by the same company.
Require urgent reply..
Require urgent reply..
11 July 2011
No bar in availing Cenvat credit of Excise / VAT on Firebricks (capital goods) during construction period. Appropriate records eg: 23C PartII & Input Credit register, to be maintained as & when Cenvat credit is utilised.
For availing VAT credit on Fly ash bricks, it must be supported by valid duty paid documents.
For availing VAT credit on Fly ash bricks, it must be supported by valid duty paid documents.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Traces submitting correction statement error
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
