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input credite on capital goods, VAT + CST

Issue Id: - 3216
Dated: 24-7-2011
By:- krishan sharma

input credite on capital goods


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dear sir

i have a quiry that if a customer purchased a capital good like machine and paod consideration 120000 inwitch include 12000 vat amount then he avialed the vat inpute and setteled as per requirement of law (1/3) in witch my quiry that is he elisible for charge on depreciation  on 12000 or not  and further in case he is not availed the input credite then he can it plaese provide the reaion ble solution with exmaple

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Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 25-7-2011
By:- pradeep khatri

Dear Krishan,

Depreciation and CENVAT credit cannot be charged/availed simultaneously on the Capital Goods.

Regards,

 

Pradeep Khatri


2 Dated: 25-7-2011
By:- NEERAJ KUMAR, RANCHI

your query is difficult to understand. Try to put it more simple and in better way. Is your query related to central excise or what?


Page: 1

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