input credite on capital goods

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..... input credite on capital goods
Query (Issue) Started By: - krishan sharma Dated:- 24-7-2011 Last Reply Date:- 25-7-2011 VAT + CST
Got 2 Replies
VAT / Sales Tax
dear sir i have a quiry t .....

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..... hat 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 wi .....

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..... tch 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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..... Reply By pradeep khatri: The Reply: Dear Krishan, Depreciation and CENVAT credit cannot be charged/availed simultaneously on the Capital Goods. Regards, Pradeep Khatri Reply By NEERAJ KUMAR, RANC .....

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..... HI: The Reply: 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?
Discussion Forum - Knowledge Sharing .....

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