Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals SMS News Articles Highlights
Discussions Forum
Home Forum Service Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Caliming of cenvat with a view of provisons of Rule 4(4) , Service Tax

Issue Id: - 299
Dated: 14-12-2006
By:- Tilak Minocha
Caliming of cenvat with a view of provisons of Rule 4(4)

  • Contents

please clarify the provisions of Rule 4(4) of Cenvat Credit Rule, 2004 w.r.t. the following example: Cost of Asset=100 (basic) Excise on above=16 Cenvat Claim in first year=50% of 16=8 Depreciation claimed in first year=100*15%=15 How much Cenvat can be claimed in the first year and second year keeping in view the provisons of Rule 4(4)

Posts / Replies

Showing Replies 1 to 1 of 1 Records

1 Dated: 15-12-2006
By:- Surender Gupta
In the query it is clear that you have not availed any depreciation on the portion of Cenvat Credit, therefore, you are eligible to claim cenvat credit of Rs. 8 the first year adn balance of Rs. 8 in the subsequent year.


Old Query - New Comments are closed.

← Previous Next →
Discussion Forum
what is new what is new

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.