Credit on capital goods
This query is : Resolved
15 May 2014
If the credit allowed in first year @ 50% is not taken in the year 1, can one use the 100% credit in any one subsequent year?
16 May 2014
YES
CENVAT CREDIT USE NEXT SUBSEQUENT YEARS REMAINING CENVAT CREDIT.
RULE 3 CENVAT CREDIT
CENVAT CREDIT USE NEXT SUBSEQUENT YEARS REMAINING CENVAT CREDIT.
RULE 3 CENVAT CREDIT
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