Hi,
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 ?
u are right, for capital goods, we can take only 50% in first year.
O P Bagla & Co LLP
New Delhi
CA Inter
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Gowra Ventures Pvt Ltd
Hyderabad
CA
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CAclubindia
