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CENVAT CREDIT
if capital goods destroyed in natural calamities or stolen after use, whether Cenvat credit on capital goods be reversed as per rule 3(5A)(a) or not?
Replies (3)
NO REVERSE, ITC WILL BE NOT REVERSE
if before put to use of capital goods then
VIPIN SIR ,,,THERE IS NO MENTION LIFE PERIOD OF ANY ASSET IN IT AC T ,,,,,,,,,,,OTHER HAND ,IF YOU HAVE PAID TAX TO SELLER ON THE TIME PURCHASE OF ASSET ,,,,,,,,,,YOU ARE AVAIL TO ITC
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