banner_ad

service tax on capital goods

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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 ?
Profile Image

Madhukar N Hiregange

Profile Image

Madhukar N Hiregange (Expert)
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.
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details