Can a company can be taken CENVAT receivable on it's sale of machinery. company is not in trade of machinery.
cenvat can we taken on office maintanenca?
Any detailed information on Cenvat credit please post me.
3 Replies
Pavan Jain S
(Chartered Accountant)
(1575 Points)
Replied 15 December 2008
Be specific.. i didnt get your query
Yashpreet
(68 Points)
Replied 19 December 2008
hello
cenvat credit can be claimed only by a manufacturer and not by trader. I think u get ur ans 4m that
S.P.Mahanta
(Internal Auditor)
(647 Points)
Replied 24 December 2008
In case of manufacturer, Cenvat credit obtained on purchase of machinery is to be refunded in the year of sale if such sale is within 1 year of availment . A trader of machinery is not entitled to avail cenvat credit. No cenvat credit is available on office maintenance.
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