cenvat credit
This query is : Resolved
04 January 2008
ON OUR BILL WE ARE CHARGING SERVICE TAX. I WOULD LIKE TO KNOW WHETHER WE CAN CLAIM CENVAT CREDIT FOR THE AMOUNT PAID BY US TOWARDS CENTRAL EXCISE DUTY FOR THE PURCHASE OF MACHINEERY.AND IS THERE ANY CHANCE OF CREDIT FOR EDUCATIONAL CESS.
04 January 2008
hi lohi (hope you wont mind) i had uploaded a cenvat rules in gist format you can make a reference in that file just see my uploaded file there one file named cenvat and central excise. answering to your query cenvat credit on capital goods can be availed 50% in first year and remaing next year however if you proves that it ll consume in that year only than full credit can be taken and yes the credit on Ed cess is also available .Plz make a reference for ypour perusal
chal tk care man.
chal tk care man.
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