CENVAT Credit Reversal: Capital Goods and Inputs Merge, Cannot Be Considered Separately-Legal Implications Explained.

CENVAT Credit Reversal: Capital Goods and Inputs Merge, Cannot Be Considered Separately-Legal Implications Explained. https://www.taxtmi.com/highlights?id=32801 Reversal of CENVAT credit on capital goods wrongly taken - when the Cenvat credit are availed on the inputs or capital goods, the credits get merged and as such, lose their identity. In such situation, considering the credit balance of inputs and capital goods separately is not legally sustainable - AT en-us Tue, 10 Jan 2017 07:24:10 +0530 Tue, 10 Jan 2017 07:24:10 +0530 TaxTMI RSS Generator CENVAT Credit Reversal: Capital Goods and Inputs Merge, Cannot Be Considered Separately-Legal Implications Explained. https://www.taxtmi.com/highlights?id=32801 Reversal of CENVAT credit on capital goods wrongly taken - when the Cenvat credit are availed on the inputs or capital goods, the credits get merged and as such, lose their identity. In such situation, considering the credit balance of inputs and capital goods separately is not legally sustainable - AT Highlights Central Excise Tue, 10 Jan 2017 07:24:10 +0530 https://www.taxtmi.com/highlights?id=32801