Cenvat credit on capital goods purchased by ssi
This query is : Resolved
05 February 2016
Plz some one clear my doubt. An ssi (preceding P.Y. Clearance is less than 400 L) unit availed 100% cenvat credit on capital goods purchased during the current F.Y.in which its clearance doesn't exceed the limit of 1.5 cr. If so then is the unit is eligible to utilize the credit availed in next year, if its clearance exceeds 150 L limit?
05 February 2016
When the unit becomes liable to pay excise duty, it can utilize the CENVAT credit availed on capital goods to pay the excise duty.
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
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
