Hi,
I have a query
whether the SSI unit has to revrse the entire Cenvat Credit i.e. even the credit on capital goods & IPS on 1st April of the year in which it opts for the SSI exemption in the excise.
Expecting an early reply
Menu
Cenvat credit on capital goods by ssi
Replies (1)
nopes.....Credit availed on SSI unit shall not be reversed since SSI unit is liable to pay duty after exempted limit of Rs 150 Lacs is over and therefore will utilise such credit at that time.
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
