Whether CENVAT credit can be claimed in 2nd year even if we had failed to avail it in frist year?
Can We Claim Full 100% Credit In second year?
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Cenvat credit of capital goods
Replies (2)
You can claim 50 percent in the second year subject to that you are holding actual possession of the property.
Yes, you can avail 100% cenvat credit if you fail to avail 50% cenvat credit in first year.
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