Cenvat credit on tools & spares
This query is : Resolved
Yogeshkumar
(Querist)
14 July 2013
Kindly Possession means ownership/ control/tenure/custody.
When tools & spares gets lasted/used out during its usage within 4 to 5 months from the date of taking input, whether balance 50% of its credit could be taken in subsequent years/whether such goods can be capitalized.
Kindly Possession means ownership/ control/tenure/custody.
When tools & spares gets lasted/used out during its usage within 4 to 5 months from the date of taking input, whether balance 50% of its credit could be taken in subsequent years/whether such goods can be capitalized.
Arun Kumar Singh
(Expert)
15 July 2013
next financial year you can take the remaining balance of cenvat credit.
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