Input tax credit on capital goods purchased
This query is : Resolved
sanalkumar t m
(Querist)
21 September 2013
Dear Sir,
We are pvt ltd company manufacturing Automated Car parking unit, We purchased some goods for constructing plant and machinery for our company.
My query is, can we take input tax credit on capital goods?
We are pvt ltd company manufacturing Automated Car parking unit, We purchased some goods for constructing plant and machinery for our company.
My query is, can we take input tax credit on capital goods?
Arun Kumar Singh
(Expert)
21 September 2013
You are paying the duty on final product then cenvat credit will be available on input, input service and capital goods.
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