Input tax credit on capital goods

This query is : Open

CA LAXMI (Querist)
Follow

18 March 2013 Hello Everybody...

I wish to know whether a weighing machine purchased is eligible for input tax credit on capital goods under DVAT.

If yes, do we need to obtain Tax Invoice or retail invoice is sufficient?

Kindly Consider this & reply me soon...

javad

javad (Expert)
Follow

18 March 2013 Dear,

The machine is used for for manufacturing of excisable goods, have to take CENVAT credit on the same.

Of-course only we can take credit with documents Invoice, Challan, and Bill entry etc...

CA LAXMI

CA LAXMI (Querist)
Follow

18 March 2013 Thanks for ur view sir but Cenvat is a matter related to Excise but myself asking about input tax credit availability on weighing machine purchased in delhi under DVAT