Cenvat Credit on Capital Goods!!!
This query is : Resolved
20 July 2010
One of our client says that he has not claimed Cenvat Credit on capital goods for the first year. He says that the first year's part only he is claiming in the second year. Is there a possibility for it?
I have also verified the RG-23 Part II for capital goods, but the register does not contain the serial number on the pages of the register. So i dont know whether to rely that. And also our client says for this year u just take the 2nd year 50% as Excise Duty Receivable A/c.
With regards,
Rajesh
I have also verified the RG-23 Part II for capital goods, but the register does not contain the serial number on the pages of the register. So i dont know whether to rely that. And also our client says for this year u just take the 2nd year 50% as Excise Duty Receivable A/c.
With regards,
Rajesh
28 July 2010
He can take credit 100% in the second year if he has not taken 50% in first year.
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- 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
Trending Online Classes
CAclubindia
