Kindly clarify whether cenvat credit on building materials like Steel structures and Cement can be availed in case of a new project treating as capital goods??
2 Replies
madhusudan
(Professional)
(267 Points)
Replied 04 September 2007
As i deal with OVAT, i am answering with regard to this only. As per OVAT any expenditure made on civil construction is not entitled for Input credit.
Dinessh Kumar
(Articled Asst.,)
(193 Points)
Replied 08 September 2007
Buildings and steel structures are not covered under capital goods definition
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