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 Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
