if a construction/infra company uses inputs(like., cement, steel and others} for construction of a bridge, and sale some steel and other componants as scrap{at the end of the year}, then can we take cenvat credit {which paid on inputs} against duty payable on sale of scrap?
Since construction of bridge is not a manufacturing activity, so you can not take any credit on inputs and you are also not required to pay duty on the scrap.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
