Cenvat Credit on Capital Goods if depreciation is claimed under Income Tax

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..... Dear sir, we have claimed cenvat credit on capital goods.By mistake we have provided depreciation also in Fy 2010-11 fr above and the same was deducted in the asset block in FY 2011-12. the Audit of .....

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..... ficers are asking/insisting Pay back cenvat credit amount along with intest and penal under section 11A(6) of Central excise Act 1944 so, please suggest me, what we can do? Thanking you sir, .....

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..... V.Laxmaiah - Reply By Pradeep Khatri - The Reply = Reverse the CENVAT credit, pay the statutory interest and penalty. - Reply By dipsang vadhel - The Reply = Both Depriciation ( on amount of Taxe .....

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..... s for which you have claimed CENVAT)and CENVAT credit can not be claimed at the same time. reverse the CENVATcredit and pay the statutory interest and penalty. - Cenvat Credit on Capital Goods if d .....

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..... epreciation is claimed under Income Tax - Query Started By: - Laxmaiah Vanamamula Dated:- 19-6-2013 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post .....

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..... by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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