TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Understanding Cenvat Credit Rules: Conditions, Time Limits, and Special Provisions for Inputs and Capital Goods</h1> The Cenvat Credit Rules, 2004 outline conditions for availing Cenvat credit related to inputs and capital goods. Credit must be taken upon receipt of inputs, but not beyond one year from the issuance of specified documents. For capital goods, up to 50% credit can be taken initially, with the remainder in subsequent years. Ownership of capital goods is not necessary for credit eligibility. Depreciation on capital goods is not allowed on the Cenvat credit portion. Special provisions apply for job work, allowing goods to be sent directly to job workers. Credit on input services requires payment within three months, with specific rules for reverse charge situations.
TaxTMI 
