Cenvate on transformer
This query is : Resolved
Vipin Kumar Sharma
(Querist)
28 December 2012
DEAR SIR
WE ARE MFG PVT LTD. CO. REGISTERD IN EXCISE, WE HAVE PURCHASED A TRANSFORMER DUE TO INCREASING OUR ELECTRICITY LOAD. SO I WANT TO KNOW CAN I AVAIL CENVATE ON THIS.
THANKS & REGARDS
WE ARE MFG PVT LTD. CO. REGISTERD IN EXCISE, WE HAVE PURCHASED A TRANSFORMER DUE TO INCREASING OUR ELECTRICITY LOAD. SO I WANT TO KNOW CAN I AVAIL CENVATE ON THIS.
THANKS & REGARDS
CA Ilayaraja
(Expert)
28 December 2012
Yes u can avail cenvat credit on transformer. but only 50% in this financial year and remaining 50% at any time in the future.
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