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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details