Cenvat on capital goods (motor)
This query is : Resolved
Rakesh Sharma
(Querist)
17 December 2014
We have purchased a Motor Rs. 25200 falling under chapter 84 as replacement of damaged motor.
Our consultant advise us the following :-
1) We can take 50% cenvat credit by capatalised this motor.
2) We can not take cenvat credit if we show it as repair & maint.
What will be the audit's objection if we post the entries in both the situations.
Please advise us to remove this confusion.
Thanks.
Our consultant advise us the following :-
1) We can take 50% cenvat credit by capatalised this motor.
2) We can not take cenvat credit if we show it as repair & maint.
What will be the audit's objection if we post the entries in both the situations.
Please advise us to remove this confusion.
Thanks.
Rupesh Jain
(Expert)
17 December 2014
YOU CAN TAKE THE CENVAT ON REPAIR OR PURCHASES OF MOTOR.
17 December 2014
on repairs no cenvat available but on purchase yes its available.
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