CENVAT CREDIT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 July 2011
MY CO. IS IN INTALLATION PERIOD OF FACTORY AND WE ARE TAKING CENVAT CREDIT OF EXCISE.IS IT POSSIBLE? CENVAT CREDIT OF EXCISE IS SHOWN AS CURRENT ASSETS IN BALANCE SHEET FOR UTILISATION IN FUTURE PERIOD,WHEN OUR CO. WILL START PRODUCTION.
05 July 2011
Cenvat Credit is available during installation period, whether it is input, capital goods or input services.Credit details to be maintained in RG23-A, RG23C & Service tax register.Credit to be utilised against future removal of goods on commencement of production.
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
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Darpan registration
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
Trending Online Classes
CAclubindia
