Cenvat Credit on Capital Goods!!!
This query is : Resolved
20 July 2010
One of our client says that he has not claimed Cenvat Credit on capital goods for the first year. He says that the first year's part only he is claiming in the second year. Is there a possibility for it?
I have also verified the RG-23 Part II for capital goods, but the register does not contain the serial number on the pages of the register. So i dont know whether to rely that. And also our client says for this year u just take the 2nd year 50% as Excise Duty Receivable A/c.
With regards,
Rajesh
I have also verified the RG-23 Part II for capital goods, but the register does not contain the serial number on the pages of the register. So i dont know whether to rely that. And also our client says for this year u just take the 2nd year 50% as Excise Duty Receivable A/c.
With regards,
Rajesh
28 July 2010
He can take credit 100% in the second year if he has not taken 50% in first year.
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