Hi Experts,
The cenvat credit can utilize 50% only in the same FY. Balance can utilize next FY.
My doubt is if we are purchase capital goods on end of the FY ( March ), inthiscase anyone can utilize rest of the 50% credit in next FY. (Apr)
Ex: I bougt capital goods on 15-3-13. i have utilized 50% on cenvat credit in same month. The rest of the 50% i will utilise apr'13. is this correct or wrong?
CAclubindia
