vat & excise credit on office building work in progress
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 June 2010
my organisation is constructing an office since 2009-10. with respect to the amount paid, it is debited to capital work in progress. kindly suggest the treatment for excise and vat paid on the bills. can we claim the cenvat in the year the bill is raised by the party, or are we supposed to claim it in the year, we transer the work in progress to office building asset account. EVen about the vat input credit, please help.
CA Kamal Gangaramani
(Expert)
21 June 2010
no vat credit in case of building in state of maharasthra
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