Capital goods less than 10,000/- per piece

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....apital goods less than 10,000/- per piece<br> Query (Issue) Started By: - illayyear yanapu Dated:- 13-6-2017 Last Reply Date:- 18-6-2017 Service Tax<br>Got 3 Replies<br>Service Tax<br>Dear sir, We are under the business of Cable operator (MSO). We were import SET TOP BOX (STB) and the same was shown under Fixed Asset of our books of accounts and we will distribute the same to our local cable oper....

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....ator(LCO) by offering income under Activation & Installation against Set Top Box distribute to LCO and We also eligible to claim cenvat credit i.e.CVD on import. Here, STB per unit cost while purchasing is of &#8377; 2500 (Aprox.) Which is less than 10K as per new amendament. Can we claim 100% cenvat credit on STB which is less than 10K per piece unlike 50% current year and remaining credit in s....

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....ubsequent financial years. If we do so, shall we show STB fixed asset to STB input (revenue expenditure) under p&l A/c?? guide us.. Thank you. Illayyear Reply By Rajagopalan Ranganathan: The Reply: Sir, As per rule 2 (k) of Cenvat Credit Rules, 2004 &quot;all capital goods which have a value upto ten thousand rupees per piece&quot; are inputs and you can avail full credit in the first year ....

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....itself. In view of specific provision in the rules, it is immaterial if you show STB as capital goods or inputs in your P & L Account. Reply By MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Rajagaopalan Reply By illayyear yanapu: The Reply: Thank you sir.<br> Discussion Forum - Knowledge Sharing ....