Clarification of credit on capital goods

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..... Clarification of credit on capital goods
Query (Issue) Started By: - vikas mittar Dated:- 1-3-2007 Last Reply Date:- 2-3-2007 Service Tax
Got 2 Replies
Service Tax
as per cenvat credit ru .....

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..... les 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 year at any time till the .....

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..... 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 goods, you are not entitled to .....

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..... 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 of taking cenvat Credit. So th .....

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..... e same can be taken in any of further years.
Discussion Forum - Knowledge Sharing .....

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