Expert please help..
Whether Input service tax paid on preoperative expenses can be availed as Cenvat credit after organisaion starts production?
How it can be adjusted?
1 Replies
CA Umamaheswara Rao
(Chartered Accountant)
(72 Points)
Replied 07 December 2011
Once after formations of company Preliminary Expenses adopted by the company vide proper resolutions,It's become parts and parcel of company accounts based on that You can Claim Input credit.
Eventhough you are providing service after incorporation, that pre-operative expenses are ratified by the co., and hence credit can be available
Recent Topics
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
Related Threads
CAclubindia
