OVat & Service Tax on Civil Work (Foundation for machines)

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..... OVat & Service Tax on Civil Work (Foundation for machines)
Query (Issue) Started By: - Bhalchandra Ramdasi Dated:- 20-11-2012 Last Reply Date:- 20-11-2012 VAT + CST
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VAT / Sales .....

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..... Tax
Respected Sir, We have to do Civil work i.e. foundation for machines for our customer in Orisa. We would like to know : Whether can we or our customer avail Credit of Input services, input ma .....

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..... terial and Vat Set off ? Thanks, Reply By Pradeep Khatri: The Reply: From 01-04-2011, CENVAT credit on lying the foudation for capital goods are not allowed. Even, VAT set up under OVAT Act will no .....

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..... t available. You would have to capitalised the civil work and will have to avail depreciation according to Income Tax Act.
Discussion Forum - Knowledge Sharing .....

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