Cenvat & Vat claim

This query is : Resolved

pavankumar (Querist)
Follow

11 March 2010 In case of purchase of any fixed assect,cement,iron,P&M,,etc..,Can we claim Cenvat & Vat on these Purchases.

Thanks in advance
pavankumar

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

11 March 2010 only for use of factory/godown construction you can take cenvat credit.its depend on your use.

Abuzar Azmi

Abuzar Azmi (Expert)
Follow

25 June 2010 Your question is incomplete. Cement is not a fixed assets.
If you are talking about the fixed assets installation in the factory then in that case CENVAT is available.
It is depends on the nature of construction as rightly pointed out by Ram.

Upgrade to CAclubindia Pro. Subscribe Now!