Cenvat credit on machinery purchase
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 January 2012
dear sir
can we take cenvat credit on machinery purchase (becaz dept auditing people said you can utilise cenvat credit on machinery
thks in advance
can we take cenvat credit on machinery purchase (becaz dept auditing people said you can utilise cenvat credit on machinery
thks in advance
21 January 2012
Yes You can take cenvat credit of excise duty paid on purchase of machinery..........provided only 50% can be taken in year of receipt of machinery and balance 50% in subsequent financial year/s
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
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- GST Intimation due to Government took possession of Business Premises under PPE Act
- UDIN ISSUE
- Non filing of I T Returns
- TDS on purchase of under construction property from a reseller
- SALARY CAN BE CAPITALIZE
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
