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Nov 12, 2010 at 05:40 AM

50% credit on capital goods for previous year is not availed


Dear All,

The go-live date for my client was 01.10.2009. Now, in Apr, 2010 when the client is trying to get the 50% credit on Capital Goods (t. Code j2i8), system is not generating any data of the previous year. (From Oct, 09 to Mar'10). However, if we see the GL Balace for 'Cenvat On Hold A/c' as on 31.03.2010, it shows a balance of Rs. 2.50 lakhs approximately.

Can you please tell me why system is not showing any details through j2i8 for previous year?

Thanks & Regards,