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Capital or revenue expense

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(Querist)
21 September 2016 Whether purchase of hand trolley a capital expenditure or revenue for a manufacturing concern.?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 September 2016 It is a capital expenditure as the asset has life more than one year.
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swati jain

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swati jain (Querist)
22 September 2016 thank you.
Also i want to know whether the vat paid on purchase of this trolley will be eligible for input credit or not as it supports the movement of goods in production process.



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 September 2016 Cenvat credit on excise duty paid can be claimed I am not sure about VAT.

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