Since NCERT Books are changed, we are still changing the name of content in images and videos. It would take some time.
But, we assure you that the question is what you are searching for, and the content is the best -Teachoo Promise. If you have any feedback, please contact us.
If turnover is exempt in current year, then no CENVAT can be taken of
- Inputs
- Input Services
However, Cenvat on Capital goods can be taken but it can be utilized only on paying excise duty greater than 1.5 crore.
Normally on capital goods 50% cenvat to be taken in current year and 50% in next year but in this case, 100% Cenvat available in first year itself
Learn in your speed, with individual attention - Teachoo Maths 1-on-1 Class
