Clarification of credit on capital goods

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

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....es 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 p....

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....rossession 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 the....

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.... same can be taken in any of further years.<br> Discussion Forum - Knowledge Sharing ....