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?
12 November 2009
department can denie to depriciation, as you were in condition to avail any benefit but u didn't.
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