Cenvat credit on machinery purchase
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 January 2012
dear sir
can we take cenvat credit on machinery purchase (becaz dept auditing people said you can utilise cenvat credit on machinery
thks in advance
can we take cenvat credit on machinery purchase (becaz dept auditing people said you can utilise cenvat credit on machinery
thks in advance
21 January 2012
Yes You can take cenvat credit of excise duty paid on purchase of machinery..........provided only 50% can be taken in year of receipt of machinery and balance 50% in subsequent financial year/s
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