Cenvat credit on capital goods
This query is : Resolved
vijay mariyala
(Querist)
17 June 2016
Hi all,
Our company has not availed CENVAT credit on capital goods which were purchased 30-09-2014, can we claim CENVAT credit as a whole in current year or eligible for balance 50% or not eligible to total CENVAT credit as it exceeds 6 months from the date of invoice?
Thanks and regards,
Vijay Mariyala
Our company has not availed CENVAT credit on capital goods which were purchased 30-09-2014, can we claim CENVAT credit as a whole in current year or eligible for balance 50% or not eligible to total CENVAT credit as it exceeds 6 months from the date of invoice?
Thanks and regards,
Vijay Mariyala
Rupesh Jain
(Expert)
17 June 2016
you cannot take cenvat credit its old more than 6 month pls see
Provided also that the manufacturer or the provider of output service shall not take CENVAT credit after six months of the date of issue of any of the documents specified in sub- rule (1) of rule 9.” - See more at: https://taxguru.in/excise-duty/time-limit-claiming-cenvat-credit-major-implication.html#sthash.KRj7WfGC.dpuf
Provided also that the manufacturer or the provider of output service shall not take CENVAT credit after six months of the date of issue of any of the documents specified in sub- rule (1) of rule 9.” - See more at: https://taxguru.in/excise-duty/time-limit-claiming-cenvat-credit-major-implication.html#sthash.KRj7WfGC.dpuf
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vijay mariyala
(Querist)
18 June 2016
Hii Sir..
Thanks for your reply..
Is this provision applicable for Inputs goods and services or capital goods too??
Even balance 50% cannot be claimed in the FY 2015-16??
Thanks for your reply..
Is this provision applicable for Inputs goods and services or capital goods too??
Even balance 50% cannot be claimed in the FY 2015-16??
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