Can organisation take credit of excise duty paid on purchase of goods for Research and Development. Please give provisions or case study.
Menu
Cenvat credit of excise duty on goods purchase for Research and Development
Replies (2)
Inputs used in Research and Development / Trial production are eligible for Cenvat credit.
Yes , cenvat credit is admissible.. there is no specific provision but there is well known case I.e FLEX ENGINEERING LTD-2013-SC
Thanks
Karan
Recent Topics :
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
Related Topics :
CAclubindia
