Assessee Can Claim 50% Cenvat Credit on Capital Goods in First Year, Balance in Next; 100% Claim Not Allowed.

Assessee Can Claim 50% Cenvat Credit on Capital Goods in First Year, Balance in Next; 100% Claim Not Allowed. https://www.taxtmi.com/highlights?id=40261 Though the assessee is entitled to cenvat credit of 50% on the capital goods in the year of receipt/ balance 50% is available to them in subsequent year. Availing credit @ 100% on some invoices and not availing any credit in respect of other invoices in the same year cannot be appreciated. en-us Fri, 06 Jul 2018 07:53:01 +0530 Fri, 06 Jul 2018 07:53:01 +0530 TaxTMI RSS Generator Assessee Can Claim 50% Cenvat Credit on Capital Goods in First Year, Balance in Next; 100% Claim Not Allowed. https://www.taxtmi.com/highlights?id=40261 Though the assessee is entitled to cenvat credit of 50% on the capital goods in the year of receipt/ balance 50% is available to them in subsequent year. Availing credit @ 100% on some invoices and not availing any credit in respect of other invoices in the same year cannot be appreciated. Highlights Service Tax Fri, 06 Jul 2018 07:53:01 +0530 https://www.taxtmi.com/highlights?id=40261