CEN VAT credit on structural platform


Accounts Manager

 

Hi,

Can we claim CEN VAT credit on Structural Platform. Previously we have taken credit treat it as part of plant and machinery but now excise department people are objecteing. If we can claim under which chapter it will fall.

Please help me out.

Thankyou.

Regards,

Praveen Kumar.T

 

 

 
Reply   
 

Dear Praveen, you can take credit provided it forms part of Plant and Machinery.also it Depends upon the nature of Industry. can u provide me some details so that i can help. you. pl mark mail on : vijay.agrawal @ acccement.com
 
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Student CA Final

Praveen [/br] [nbsp] You can take credit if structural platform was part of Plant & Machinery. [/br] Rule 2 of Cenvat credit rules, 2004 defines capital goods as the capital goods used in relation to manufacture of final product.
 
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Chartered Accountants

pl provide the more details as it depends on industry
 
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CHARTERED ACCOUNTANT

CENVAT CREDIT IS AVAILABLE BUT AS INPUT NOT AS CAPITAL GOODS. INPT INCLUDES GOODS USED IN MANUFACTURING OF CAPITAL GOODS.
 
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