Dear Sirs,
In a manufacturing unit can we utilized cenvat credit on consumable items purchase or only raw materila which stock has maintained.
2 Replies
Parihar Gopal
(Corporate Taxation )
(392 Points)
Replied 23 July 2012
WHAT DO U MEANS BY CONSUMBLE ITEAMS - IF IT IS STORE & SPARES DIRECTLEY RELATE TO PRODUCTION , U CAN CLAIM CENVAT CREDIT
Roshan Thomas
(C.E.O )
(356 Points)
Replied 23 July 2012
Input credit is available on all goods, except light diesel oil, high speed diesel oil and motor spirit, used in or in relation to the manufacture of final products whether directly or indirectly and whether contained in the final product or not and includes lubricating oils, greases, cutting oils, coolants, accessories of the final products cleared along with the final product, goods used as paint, or as packing material, or as fuel, or for generation of electricity or steam used in or in relation to manufacture of final products or for any other purpose, within the factory of production.
Recent Topics
- F&O Loss carry forward and set off under the n
- SOLAR PLANT POWER
- Regarding chit broker commission gst
- Gst on security service provided by a pvt ltd co.
- First Year Audit of Pvt Ltd Company
- FD of My Deceased Grandfather have my name in nomi
- Investment in the name of minor
- Educational institute - Collection as " Other
- Tds on agriculture land 194IA
- Pan not register with nsdl in ptrc
Related Threads
CAclubindia
