ASHOK KUMAR SAHO (OFFICE EXCISE & CUSTOM) (142 Points)
25 November 2011Dear Sir,
We have produce power in our captive power plant, but we sale some power out of our plant and rest power we have captive consumption in our sponge & ferro plant. how to take cenvat credit of input ,input service ,plz clarify details
Raghavendra
(accountant)
(27 Points)
Replied 25 November 2011
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 25 November 2011
Going by plain reading of the defination of Input, Credit available for both captive consumption and on sales also.
Regards
Dayananda
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
