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Punjab vat & depreciation on machinery

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(Querist)
21 February 2016 I purchased machinery, paid VAT and took benefit of input tax credit. Is it right to take the benefit of depreciation also?
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
22 February 2016 Depreciation has no link to VAT anywhere. You can't take any benefit on that amount.......mjk

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