Cenvat credit eligibility on plant & machinery
This query is : Resolved
12 July 2012
Hi all
Can any one provide me information relating to cenvat credit eligibility on purchase of plant and machinery for the manufacturers , whether it is 50 % or 100 % for the financial year 2011-12 .
If it is changed to full credit please provide the reference to the relevant sec or rule.
Can any one provide me information relating to cenvat credit eligibility on purchase of plant and machinery for the manufacturers , whether it is 50 % or 100 % for the financial year 2011-12 .
If it is changed to full credit please provide the reference to the relevant sec or rule.
12 July 2012
It is 50% in the one financial year, and balance in next year. No change. Please note that you should not claim depreciation benefit on the excise duty value under income tax act.
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
- GST Regis.
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- RCM INVOICING FROM NOV-2024
- Disallowance of Section 43B(h) to sez units
- HSN Details in IFF/GSTR-1 & in GSTR 9
- 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
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
