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Cenvat credit on capital goods.

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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)
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28 October 2011 furnitures are not capital goods as per CCR 2004

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