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
Rupesh Jain
(Expert)
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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