CENVAT on Capital Goods
This query is : Resolved
08 June 2011
A company has two Plants, One is Cement Plant produces Exciseable goods & Other is Power plant produces non-exciseable goods. The company is constructing a wagon trippler which is combinedly used by the both the plants.So my Query can the company take entire CENVAT credit paid on Wagon Trippler in the Cement Plant? Can you Refer any case law or rule on this matter?
20 June 2011
its better to not avail input credit on such items, as in future it will generate lots of litigation for using the same under exempted unit.
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
- Opting our of sec 44AD
- Value of property in capital gain
- Copyright software
- Form 121 & TDS deduction
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
