Er 1 urgent

Neha Mishra (@student) (234 Points)

07 January 2015  

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