Menu
Cenvat credit on capital goods rs.1050
sir, we want to know , is there any guide line to take credit 100 % on capital goods in the same year of receiving goods.
we have received a spare part on which duty is rs.1050/-.
Replies (2)
we have to take fifty percent in this year
you can't take 100% credit on 1st year. but if you are from small scale industry,you can take 100% credit in 1st year.
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
