Cenvat on capital goods used for jobwork
This query is : Resolved
18 July 2014
VERY URGENT HELP US PLZ.
DEAR EXPERTS,
THANKS FOR YOUR GREAT SUPPORT FOR VARIOUS ISSUES. NOW WE REQUIRED SOME CLARIFICATION FROM YOUR END.
1. WE HAVE 3 UNITS IN DIFFERENT JURISDICTION AND MAIN UNIT IS REGISTERED UNDER EXCISE REGISTRATION, REST TWO UNITS NOT REGISTERED AND WE ARE DOING JOB WORK FOR OUR MAIN UNIT AND NOT FOR OTHERS. THERE IS NO SALES / PURCHASE IN THAT UNITS DUE TO THIS WE HAVE NOT TAKEN ANY REGISTRATION AND SUBMITTING YEARLY SSI DECLARATIONS.
2. WE ARE MANUFACTURING OF DUTIABLE PRODUCT, EXEMPTED PRODUCTS AND JOB WORK.
3. NOW WE ARE BUYING ONE CAPITAL EQUIPMENT TO INSTALL IN OTHER UNITS WHICH IS NOT REGISTERED AND SSI DECLARED UNITES. THERE WE ARE DOING JOB WORK FOR OUR MAIN UNIT AND MANUFACTURING EXCISABLE AND NON EXCISABLE GOODS. IN THIS CASE SHALL WE TAKE MODVAT CREDIT ON THE CAPITAL GOODS AND INSTALL AT OUR BRANCH UNITS.
PLEASE CLARIFY. THANKS IN ADVANCE.
DEAR EXPERTS,
THANKS FOR YOUR GREAT SUPPORT FOR VARIOUS ISSUES. NOW WE REQUIRED SOME CLARIFICATION FROM YOUR END.
1. WE HAVE 3 UNITS IN DIFFERENT JURISDICTION AND MAIN UNIT IS REGISTERED UNDER EXCISE REGISTRATION, REST TWO UNITS NOT REGISTERED AND WE ARE DOING JOB WORK FOR OUR MAIN UNIT AND NOT FOR OTHERS. THERE IS NO SALES / PURCHASE IN THAT UNITS DUE TO THIS WE HAVE NOT TAKEN ANY REGISTRATION AND SUBMITTING YEARLY SSI DECLARATIONS.
2. WE ARE MANUFACTURING OF DUTIABLE PRODUCT, EXEMPTED PRODUCTS AND JOB WORK.
3. NOW WE ARE BUYING ONE CAPITAL EQUIPMENT TO INSTALL IN OTHER UNITS WHICH IS NOT REGISTERED AND SSI DECLARED UNITES. THERE WE ARE DOING JOB WORK FOR OUR MAIN UNIT AND MANUFACTURING EXCISABLE AND NON EXCISABLE GOODS. IN THIS CASE SHALL WE TAKE MODVAT CREDIT ON THE CAPITAL GOODS AND INSTALL AT OUR BRANCH UNITS.
PLEASE CLARIFY. THANKS IN ADVANCE.
20 July 2014
You can take the cenvat credit of capital goods used for job work activity. You should purchase the capital goods in the registered premises and take the cenvat credit and goods should be removed on jobwork challan.
20 July 2014
Thanks for information but if we should remove the capital goods on job work basis we should bring back again within 180 days. But it is not possible because we should install the machine permanently in other unit.. So kindly advise what's the way to take Canvat credit.
21 July 2014
Just maintain the records accordingly
21 July 2014
Thanks experts.. Giving immediate response
22 July 2014
yes you can avail credit and ofcourse machines wont go on jobwork challans, material which you sending for jobwork that must be go on jobwork challans.
25 July 2014
But department will allow if install the machine other place and taking the credit in one place. 4(5) challan movement for that installed machine??.
25 July 2014
But department will allow if install the machine other place and taking the credit in one place. 4(5) challan movement for that installed machine??.
24 February 2015
is there provision to write the job work challan for capital goods, as per above reply.
03 March 2015
you can send raw material as well as capital goods for job work on same job work challans
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- 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
