Cenvat credit on imput services of freight ??

This query is : Resolved

Querist : Anonymous

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 ???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

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

Querist : Anonymous

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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Arun Mahaldar

CA Sabrish Nair

REGIWISE CONSULTANTS PVT LTD

K.M. AGGARWAL

Ashif Cheenikkal

Subscribe Now

Cenvat credit on imput services of freight ??

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA