Vat treatment on fa

A fixed asset is bought for 100000 & vat is 12%.
State law says 50% cenvat is available for CY and balance over the next two years.

Entry passed is:
Fixed asset 100000
vat 12000
 To Bank/Vendor 112000

What accounting entries are to be passed for
1. recording vat in CY for cenvat credit and
2. C/f balance vat for following 2 years.

(Q. is not state specific - for general understanding only).