Cenvat credit on stores consumed
This query is : Resolved
Pragnesh Bhatt
(Querist)
01 March 2014
Whether CENVAT credit on stores and spares consumed (considered as revenue expenditure) can be avail 100% in the current year or 50% in current year and 50% in next year?
Arun Kumar Singh
(Expert)
01 March 2014
On capital goods you can take the cenvat credit in two parts and SSI unit can avail the cenvat credit on capital goods complete in 1 year.
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