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.
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Banking Related Issue
- 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
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
