input credite on capital goods, VAT + CST

[krishan sharma]

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

Posts / Replies

[pradeep khatri]

Dear Krishan,

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

Regards,

 

Pradeep Khatri

[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?