Criteria for capital goods cenvat credit
This query is : Resolved
05 May 2015
Our previous year turnover is above 5 core. Can we take 100% Cenvat Credit on capital goods or 50% . Please advise.
Thanks
Tapas Ruparelia
(Expert)
06 May 2015
50% in the year of purchase of cap. goods and 50% in next year.
This provision applies irrespective of the turnover.
This provision applies irrespective of the turnover.
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