29 November 2012
whether staff bus purchased by company eligible as the capital goods and hence, 50% credit in first year and remaining in subsequent year?
plz assist me as per the ammendment in the definition of capital goods wef 1/4/2012.
29 November 2012
Staff Bus is not a capital goods as per definition of capital goods under canvat credit rules, hence you are not eligible for cenvat credit
CAclubindia
