Credit of capital goods
This query is : Resolved
ANKIT MITTAL
(Querist)
07 October 2012
Can we take the credit of capital goods for production of exempted goods?
Pankaj Gupta
(Expert)
07 October 2012
If the capital goods are used wholly for the production of exempted goods , then credit cant be booked.
But if such capital asset is used for production of dutiable as well as non dutiable goods, then you can very well book the credit.
But if such capital asset is used for production of dutiable as well as non dutiable goods, then you can very well book the credit.
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