Er 1 urgent



DEAR ALL

I want to know about cenvat credit on CAPITAL GOODS .

For example

Canvat on CG are as under

12% BASIC RS. 1000

2% EDUC RS. 20

1% SHEC RS. 10

 

I know 50 % credit will be availed

but question is

while submitting ER -1 HOW MUCH AMOUNT IS SHOWN IN RETURN

whether

12% BASIC RS. 1000

2% EDUC RS. 20

1% SHEC RS. 10 and

Utilize 50 % of each

12% BASIC RS. 500

2% EDUC RS. 10

1% SHEC RS. 5

 

 

or

In ER -1 whether to show

BASIC RS. 500

2% EDUC RS. 10

1% SHEC RS. 5 and

utilized the same.

 

It's urgent kindly help 

 

 
Reply   
 
Sr. Officer - Central Excise/Cash

In er-1 you can show the credit amount. i.e 50%


Total likes : 1 times

 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU