What r the items which should not be included in stax setoff ?
If in month of Apr & May i ve 4gotten to take the stax set off , can i take that setoff in the month of june ?
4 Replies
Raghu
(Accountant)
(28 Points)
Replied 14 December 2007
Buildings are not capital goods with in the meaning of cenvat credit rules, hence excise duty paid on cement and steel cannot be taken as credit, against the final product produced in the building.
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