Cenvat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2013
As solar equipment is exempt from excise duty. Supplies are being made for solar equipments to solar power gneration projects as well as other than solar power generatin projects by a manufacturer.
Further as per Rule 6(vii) of CCR, 2004, Cenvat reversal is not required for input used in solar equipments supllied to Solar power gneration projects
Question is whether credit of Excise duty paid on capital goods can be availed?
Further as per Rule 6(vii) of CCR, 2004, Cenvat reversal is not required for input used in solar equipments supllied to Solar power gneration projects
Question is whether credit of Excise duty paid on capital goods can be availed?
21 September 2013
If final product is exempt from excise duty then cenvat credit will not be admissible on input, input service and capital goods.
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2013
Thanks for reply.
You are right as per Rule 6(4).But according to Rule 6(6) if goods supplied to solar power generation plant then Rule 6(1) to (4) is not applicable.
In our case we are covered in Rule 6(6).
then, What is your view whether we can take credit of capital goods or not.
You are right as per Rule 6(4).But according to Rule 6(6) if goods supplied to solar power generation plant then Rule 6(1) to (4) is not applicable.
In our case we are covered in Rule 6(6).
then, What is your view whether we can take credit of capital goods or not.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- Payable outstanding for years disallowance
- TDS NUMBER SURRENDER
- Form 26QB for TDS on property
- Whether still royalty
- TDS applicability on Service through ECO
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
