Clarification of credit on capital goods

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..... as per cenvat credit rules it is very must clear that you can claim benefit of capital good credit 50% in same year so u are eligible for 50 % in same year balance portion for next year. so next yea .....

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..... r at any time till the prossession of that particular asset. - Reply By Surender Gupta - The Reply = Yes, if at the time of availing balance of cenvat credit, you do not possess captioned capital goo .....

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..... ds, you are not entitled to avail that balance credit. However, it has few exceptions like consumables. - Reply By Atul Jain - The Reply = I think that there is no time limit specified for the purpose .....

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..... of taking cenvat Credit. So the same can be taken in any of further years. - Clarification of credit on capital goods - Query Started By: - vikas mittar Dated:- 1-3-2007 Service Tax - Got 2 Replies .....

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..... - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - T .....

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..... MITax .....

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