Utilisation of cenvat on capital goods purchase
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 December 2014
dear sir i WANTS TO KNOW HOW TO UTILISE THE CENVAT ON CAPITAL GOODS SUPPOSE A MATERIAL PURCHASE & CENVAT ON THE MATERIAL IS RS. 30000, WHAT WOULD BE THE IMPACT OF CENVAT ON BALANCE SHEET
15 December 2014
you have to take cenvat on capital goods 50% in current year 50% in next year.
15000/- you can utilize this year remaining rs.15000/- on dt1.4.2015
15000/- you can utilize this year remaining rs.15000/- on dt1.4.2015
15 December 2014
50% in current year and bal in next year ur eligible............
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