Cenvat credit on capital goods.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2011
In Manufacturing sector we are taking 50% credit on capital goods in the current year & 50% in the next preceding year as well as we get entry in RG23C Part II. But in the service sector we are not maintaining RG registers. In our organisation purchase some chairs it is capitalised under the head of Furniture & Fixtures but how to take cenvat credit, can we take it like as service tax credit.
U S Sharma
(Expert)
28 October 2011
furnitures are not capital goods as per CCR 2004
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