Credit of excise on capital goods
This query is : Open
CA Monika Jain
(Querist)
25 February 2013
if a machinery is purchased at the end of the year, can we take 50% credit of excise in that financial year and 50% in subsequent year?
25 February 2013
Hi,
Yes even if you purchase on last working day but condition is asset must have been received by assesse in his premises..
Thanks!!
Yes even if you purchase on last working day but condition is asset must have been received by assesse in his premises..
Thanks!!
Message likes :
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CA Monika Jain
(Querist)
25 February 2013
Vaibhav ji thanks to you
CA Monika Jain
(Querist)
27 February 2013
vaibhav ji can u explain me if the asset is purchased in last day of financial year and set up in another financial year then can we take credit of excise duty in year of purchase
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