CENVAT RELATING TO R & D EXPENSES
This query is : Resolved
Mrs.N. Alamelu
(Querist)
01 August 2007
Can we take CENVAT credit/ VAT credit in respect of R & D related expenses.
01 August 2007
In my opinion YES, as R&D is manufacturing related activity and will be entitle for Cenvat / VAT credit.
02 August 2007
Dear Mr.Sanjeev, My opinion abt R&D is that When R&D ends, Manufacturing Starts.
I dont think that R&D is manufacturing related and Cenvat Credit Can be availed.
Can You Plz clarify me in this regard.
I dont think that R&D is manufacturing related and Cenvat Credit Can be availed.
Can You Plz clarify me in this regard.
05 August 2007
Dear Madaml
Rule 3 (1) read with Rule 2 (k) of CENVAT Credit Rules 2004 clearly allow input credit only when IP/ CG or input service is directly or indirectly related to FP/output service.
R & D expenses can not satisfy so easily the aforementioned requirement.
Rule 3 (1) read with Rule 2 (k) of CENVAT Credit Rules 2004 clearly allow input credit only when IP/ CG or input service is directly or indirectly related to FP/output service.
R & D expenses can not satisfy so easily the aforementioned requirement.
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