Expert please help..
Whether Input service tax paid on preoperative expenses can be availed as Cenvat credit after organisaion starts production?
How it can be adjusted?
CA Suraj Prasad Shaw (Chartered Accountant) (504 Points)
07 December 2011Expert please help..
Whether Input service tax paid on preoperative expenses can be availed as Cenvat credit after organisaion starts production?
How it can be adjusted?
CA Umamaheswara Rao
(Chartered Accountant)
(72 Points)
Replied 07 December 2011
Once after formations of company Preliminary Expenses adopted by the company vide proper resolutions,It's become parts and parcel of company accounts based on that You can Claim Input credit.
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