Cenvat credit taken from which invoice ?
This query is : Resolved
16 February 2013
WE ARE MANUFACURER AND PURCHASING CAPITAL GOODS ( MACHINERY, INDUSTRIAL TOOLS,TRANSFORMER,COOLING TOWER,COMPACT WATER CHILLER,ELECTRICAL CONTROL PANEL,AIR COMPRESSOR,STEEL BUILDING COMPONENT,MS BAR ( FOR PLANT FEBRICATION ) FROM MANUFACTURER/ DEALER . CAN WE TAKEN CENVAT WITH TRANSPORTER INVOICE COPY.
WE ARE TAKEN ECC NUMBER FROM EXCISE DEPARTMENT IN NOV-2012.
WHILE, WE ARE PURCHASING CAPITAL GOODS SINCE JULY 2012.
CAN WE ENTILE TO CENVAT CLAIM SINCE JULY 2012.
PLEASE CEARFY.
THANKS
VINAY KALE
WE ARE MANUFACURER AND PURCHASING CAPITAL GOODS ( MACHINERY, INDUSTRIAL TOOLS,TRANSFORMER,COOLING TOWER,COMPACT WATER CHILLER,ELECTRICAL CONTROL PANEL,AIR COMPRESSOR,STEEL BUILDING COMPONENT,MS BAR ( FOR PLANT FEBRICATION ) FROM MANUFACTURER/ DEALER . CAN WE TAKEN CENVAT WITH TRANSPORTER INVOICE COPY.
WE ARE TAKEN ECC NUMBER FROM EXCISE DEPARTMENT IN NOV-2012.
WHILE, WE ARE PURCHASING CAPITAL GOODS SINCE JULY 2012.
CAN WE ENTILE TO CENVAT CLAIM SINCE JULY 2012.
PLEASE CEARFY.
THANKS
VINAY KALE
Arun Kumar Singh
(Expert)
16 February 2013
You can't take the cenvat credit on capital goods before excise registration but you can take the cenvat credit inputs on lying stock after the excise registration.
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