EASYOFFICE
EASYOFFICE
EASYOFFICE

Cenvat.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
25 July 2009 Dear Sir,

Pl.send me information about Cenvat Credit of Capitalized items.

can i take 100% cenvat credit on capital items ?


Regards,

Vinod.
Profile Image

Shyam Lal Naik

Profile Image

Shyam Lal Naik (Expert)
25 July 2009 You can take 100% Cenvat on Capital Goods, but in two instalments. Upto 50% in the year of receipt and balance in subsequent years.

A word of Caution:-

Capital Items as per normal accounting principles and Capital Goods as per the Cenvat Credit Rules are different.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links