Cenvat credit on imput services of freight ??

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 February 2015 I wanted to enquire what treatment should be done to the inward freight paid to bring the Input to the factory :
(a) Can we Book the freight separately and claim Cenvat Credit on Freight paid
OR
(b) We have to show it as a part of Purchases ??

Experts Plz Help ???

11 February 2015 Freight can be booked separately and cenvat credit can be claimed.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 February 2015 Thank you sir ...

Also I want to ask if we can treat the spares and components as fixed assets if it doesn't pass the definition of capital goods as per CCR, 2004??

PLz Help

11 February 2015 Components and spares can be capitalized and depreciated over their useful life provided if its life is more than one year.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details