chandra sekar (Manager-Accounts) (387 Points)
21 September 2013We are a manufacturing company , and product is Aluminium foils. Recently we have purchased Transformer for Power utility. Pls clarify , whether we can avail Cenvat credit for the same. Also let me clarify in which group we can capitalise the Transformer.
Arun Kumar Singh
(GST Advocate)
(15203 Points)
Replied 21 September 2013
If you are paying the excise duty on final product then you can avail the cenvat credit on capital goods like transformer.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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