Cenvat credit of fixed assest

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 April 2013 CAN 100 % CENVAT CREDIT ON FIXED ASSETS TO BE TAKEN IN SECOND YEAR INSTAND OF 50% IN FIRST & 50 % IN SECONFD YEAR???


08 April 2013 provision says this.
but if we go practical aspect, then if we take 50% in first year and suppose any unutilised CENVAT balance is there then we adjust with the next year liablity....
so its one and same.
you can take 100% in second year.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 April 2013 sir, thank for reply

service tax paid without effect of cenvat credit so first 50% unutilised.

so now cenvat balnace of 100%

can we utilise the 100% in 2013-2014




09 April 2013 yes, you can take credit.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 April 2013 thank you very much sir.


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


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details