Dear All,
I have some confusion about reversal of CENVAT CREDIT on Transfer of capital goods. Whether we have to reverse whole cevat credit on transfer of capital goods (Machinary ) even after we have used the machinary for 4-5years . If not please provide the suggations. The transfer of capital goods is within the same group ( same company name & management) located in different place.
please suggest...
Thanks & Regards,
Ankush