About cenvat credit to capital goods

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2016 hi
if i take cenvat credit on capital goods than will it be effect to income tax? if yes or no !!!! so how?

30 June 2016 Hello,
If you are taking CENVAT on Capital goods, you canot claim the same as depreciation in Income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2016 ok sir
and what is part of refund in income statement it will be show or not

30 June 2016 Sorry please specify your question

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2016 i mean, Is cenvat refund the part for income statement or not?

30 June 2016 no, its duties & tax Dr bal.. and take set off against the excise liability .


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