service tax on capital goods
This query is : Resolved
10 May 2011
Whether credit of service tax paid on capital goods will be allowed 100% in the same year or it will be bifurcated as 50% in 2 years ?
10 May 2011
50% in the year of receipt and 50% in subsequent year/s.
For an SSI 100% credit is available in the year of receipt.
For an SSI 100% credit is available in the year of receipt.
10 May 2011
in the case of capital goods - 50% in the year of receipt of capital goods and 50% in secound or subsequent year.
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