Cenvat on capital goods at 50% or 100%

This query is : Resolved

udaya chandran (Querist)
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28 February 2013 How much CENVAT credit can we take on Capital goods, 50% or 100% in the first year. Please reply with notification/amendment?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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28 February 2013 50% of the credit in the Financial year in which the goods are received and the remaining 50% in the next financial year or subsequent years. For Capital goods received in March, 50% credit can be taken in March and the balance 50% can be taken in April as they fall under two financial years.

FURTHER INFO:
https://www.caclubindia.com/experts/100-cenvat-credit-on-cap-goods-492305.asp#.US8RyDf7crc

eminent expert also CMTS in this matter...please

udaya chandran

udaya chandran (Querist)
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02 March 2013 Thanks for the answer.

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