Can i take input credit on capital goods of excixe & vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 March 2014
My company registered in excise and Purchase capital goods from other excisable registered company, Can I take Input credit of Excise & vat
Example:-
Purchae: (Fixture)---
Assessable Value: 34573
Excise @ 12% 4149
Edu. Cess 2% 83
S.H E 1% 41
Total Taxable Value 38846
Vat 13.13% 5099
what journal entries
Example:-
Purchae: (Fixture)---
Assessable Value: 34573
Excise @ 12% 4149
Edu. Cess 2% 83
S.H E 1% 41
Total Taxable Value 38846
Vat 13.13% 5099
what journal entries
25 March 2014
You can take the cenvat credit on inputs and capital goods.
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