Alby (MBA) (25 Points)
06 November 2016Hi,
We have registered under SSI two year back ( Now our turover is 15 Cr and Have machinery worth more than 1 Cr)
We have purchase a machinery for 47 lacs and Excise cenvat is 4.93 L, Can I claim the input of 100% in first year itself or I am allowed to take only 50% of input in first year ?
amit
(Accountant)
(96 Points)
Replied 07 November 2016
u are right, for capital goods, we can take only 50% in first year.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
