Cenvat credit of capital goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 December 2011
my client providing the authorised service station service .Can he take the cenvat credit on following capital goods.
Air Conditioner - used for Customer waiting room. Steel racks - Used for keeping equipments and tools in the servic station area. Steel furniture used for client waiting rooms.Please solve the query.
Air Conditioner - used for Customer waiting room. Steel racks - Used for keeping equipments and tools in the servic station area. Steel furniture used for client waiting rooms.Please solve the query.
CA CS PRASHANT
(Expert)
17 December 2011
There should be direct nexus between the INPUT and OUTPUT for taking CENVAT credit.
In your case it has been noticed that Air conditioner and Steel furniture will not be eligible for CENVAT credit.
However the Stell racks which are used in service area...can definitely be taken for CENVAT credit
In your case it has been noticed that Air conditioner and Steel furniture will not be eligible for CENVAT credit.
However the Stell racks which are used in service area...can definitely be taken for CENVAT credit
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
- Employee secondment
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Applicability of tax on invoice
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Import of Capital Machine
- Gift to nri relatives resides in usa
- LLP audit and disclosure
- Form 144 TDS Return Validation error
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
