cenvat credit on contruction material
This query is : Resolved
15 June 2016
Dear all
There is one manufacturing concern ...they have newly started their construction of Factory building work..for construction they have purchased construction material from Manufacturer/first stage dealer like cement,Plates,channels,pipe,sand after paying excise duty on such material for factory building. and they also used such material on Machinery foundation....My questions is can we take cenvat credit on such materials and can we take it as capital goods.
Please advise me....
16 June 2016
there is no cenvat allowed on factory building .
16 June 2016
Thanks, Sir if such material used in foundation for capital goods than can we take cenvat credit (suppose cement is used in making structure for Machinery)
24 June 2016
Yes, you can take the cenvat credit on material used in the foundation for capital goods. consult with any professional.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- FORM 26A APPLICABILITY
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Transporter Declaration form
- E-Invoice applicability for new Startup
- Filing of MSME 1 form by companies
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
