how & when to set-off RG23C part II(capital goods)
This query is : Resolved
28 June 2010
dear sir\madam
i have Rs.5000 in capital goods A\C as input service tax, in current year i have taken credit of 50% of that.now my qus is how will i show the rest 50% of that in B\S.And when will i be entitled to take credit of rest 50% in the coming year?
Thanks in advance.
i have Rs.5000 in capital goods A\C as input service tax, in current year i have taken credit of 50% of that.now my qus is how will i show the rest 50% of that in B\S.And when will i be entitled to take credit of rest 50% in the coming year?
Thanks in advance.
Ram Avtar Singh
(Expert)
28 June 2010
in balance sheet 50% balance+ credit availed will be added.
50% balance cenvat credit available on next year 1st april.
50% balance cenvat credit available on next year 1st april.
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