CENVAT Credit on capital goods
This query is : Resolved
11 November 2009
Dear Sir,
whether CENVAT Credit on capital goods should compulsorily taken? Suppose, an assessee capitalise the Input tax portion and claim depreciation on that means, it is a violation?
whether CENVAT Credit on capital goods should compulsorily taken? Suppose, an assessee capitalise the Input tax portion and claim depreciation on that means, it is a violation?
11 November 2009
CENVAT Credit is not mendetory. CENVAT Avoid the cascading effect of duty.
if you do'nt want to avail cenvat credit then input tax include in cost & you claim depreciation.
if you do'nt want to avail cenvat credit then input tax include in cost & you claim depreciation.
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