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Cenvat, vat ,sad, service tax credit on capital purchases

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 August 2012 1) Whether Cenvat, AED, SAD credit is available if charged seperately in the Invoice by suppliers of Cement/goods for Capital expenses for factory/machinery.
2)Whether same rule applies for Service tax.
3)Whether same rule applies for VAT.

20 August 2012 Cenvat is available for SED,AED etc. but it is not available in case of cement purchase i.e. for constrution of capital goods.

20 August 2012 No
such items are in negative list for input credit, so gross amount should be taken in consideration while making entries, including all taxes,


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