if a construction/infra company uses inputs(like., cement, steel and others} for construction of a bridge, and sale some steel and other componants as scrap{at the end of the year}, then can we take cenvat credit {which paid on inputs} against duty payable on sale of scrap?
Since construction of bridge is not a manufacturing activity, so you can not take any credit on inputs and you are also not required to pay duty on the scrap.
Synergy Keystone
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CA
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Bharat Shah & Associates
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CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
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Hema Yashwanth & Associates
Chennai
B.Com
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PARV & Co.
New Delhi
CA Inter
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CCI
Pro
CAclubindia
