Dear All,
What is the treatment of Service Tax levied on the freight paid at the time of purchase of Capital Goods. wheather we are entitle to avail 100% CENVAT Credit in the 1st yr. or 50% in the same yr and balance in subsequent year.
Ishant (Article Assistant) (21 Points)
12 May 2007Dear All,
What is the treatment of Service Tax levied on the freight paid at the time of purchase of Capital Goods. wheather we are entitle to avail 100% CENVAT Credit in the 1st yr. or 50% in the same yr and balance in subsequent year.
sanjaysangal
(CA Practice )
(15 Points)
Replied 17 May 2007
ankit bhatia
(financial services)
(37 Points)
Replied 31 May 2007
Fanibhusan
(Finance Professional)
(20 Points)
Replied 08 June 2007