capital goods cenvat credit 100% on same year
currently we are using taxinj with 4.7 version.
currentle for capital goods 50% cenvet credit is taken in current fiscal year and remaining 50% is goes to cenvat on hold for next year.
now my clients wants to take 100% credit of capital goods on same year as per new goverment rule.
i know there is check box in company code settings of tax.
what steps i must follow to achieve this?
Bijay Kumar Barik replied
The answer again is J2I8 t.code - Avail of subs credit for Capital Goods for same year.
Check links for answer for same year credit: