under site & formation clearence tippers and its spare parts are allowed for cenevat credit or not -pls waiting for forum response -
Menu
cenevat on tipper spareparts-under site formaton & clearenc
Replies (2)
I feel, certainly Cenvat Credit is available. If these are used for rendering taxable service, there is no reason to deny Cenvet Credit.
Spare Parts are Capital Goods for the purpose of Cenvat. 50% of cenvat will be available in the year of receipt and the balance thereafter.
thank you naik, ok and again my doubt is sparee parts of capital goods machienary and tippers also.
Recent Threads
- Credit counseling services
- Solve questions
- Tax clarification on rental income
- Long term capital loss on Indexation on sale of Re
- ITR 2 validation
- Interest under Section 234B & 234C charged desp
- Deduction for leave encashment 10AA
- Inadvertently filled and filed Form 10-IEA like la
- Delivery challan e-way bill
- LTCG Section (B1-B12) for RSU Sale after Jul/24
Related Threads
CAclubindia
