DEAR ALL
I want to know about cenvat credit on CAPITAL GOODS .
For example
Canvat on CG are as under
12% BASIC RS. 1000
2% EDUC RS. 20
1% SHEC RS. 10
I know 50 % credit will be availed
but question is
while submitting ER -1 HOW MUCH AMOUNT IS SHOWN IN RETURN
whether
12% BASIC RS. 1000
2% EDUC RS. 20
1% SHEC RS. 10 and
Utilize 50 % of each
12% BASIC RS. 500
2% EDUC RS. 10
1% SHEC RS. 5
or
In ER -1 whether to show
BASIC RS. 500
2% EDUC RS. 10
1% SHEC RS. 5 and
utilized the same.
It's urgent kindly help