Propertionate cenvat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 March 2015
RESPECTED SIR
OUR COMPANY UNDER THE AUDTI OF EXCIE AND WE HAVE TAKING THE CREDIT ON THE BASIS OF PROPERTIONATE BASIS AND AS PER CENVAT RULE 6
IS RELATED TO SERVICES ONLY PLS GUIDE US INPUT PRODUCT IS ALLOWABLE ON PROPERTONATE BASIS OR NOT
OUR COMPANY UNDER THE AUDTI OF EXCIE AND WE HAVE TAKING THE CREDIT ON THE BASIS OF PROPERTIONATE BASIS AND AS PER CENVAT RULE 6
IS RELATED TO SERVICES ONLY PLS GUIDE US INPUT PRODUCT IS ALLOWABLE ON PROPERTONATE BASIS OR NOT
29 March 2015
when goods received in factory you need to take cenvat credit of input.no need to take proportionate duty in case capital gods you need to utilized 50 % of credited duty.
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