Cenvat credit eligibility on plant & machinery
This query is : Resolved
12 July 2012
Hi all
Can any one provide me information relating to cenvat credit eligibility on purchase of plant and machinery for the manufacturers , whether it is 50 % or 100 % for the financial year 2011-12 .
If it is changed to full credit please provide the reference to the relevant sec or rule.
Can any one provide me information relating to cenvat credit eligibility on purchase of plant and machinery for the manufacturers , whether it is 50 % or 100 % for the financial year 2011-12 .
If it is changed to full credit please provide the reference to the relevant sec or rule.
12 July 2012
It is 50% in the one financial year, and balance in next year. No change. Please note that you should not claim depreciation benefit on the excise duty value under income tax act.
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Difference in tax comparison report
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
