Cenvat credit on capital goods
This query is : Resolved
santhosh krishna
(Querist)
24 July 2013
One company manufactures excisable goods
The company is in initial stage and having capital work in progress on which cenvat input is available
How to claim credit
The company has no manufacturing during the current year but has capitalization
The company is in initial stage and having capital work in progress on which cenvat input is available
How to claim credit
The company has no manufacturing during the current year but has capitalization
25 July 2013
Hello,
you are eligible to claim Cenvat Credit on Capital goods upto 50% in the year of receipt and balance in the subsequent year.
So you can claim the same without any doubt.
you are eligible to claim Cenvat Credit on Capital goods upto 50% in the year of receipt and balance in the subsequent year.
So you can claim the same without any doubt.
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