https://www.taxtmi.com/forum/issue?id=3216 The advisory establishes that depreciation and CENVAT/input tax credit cannot be charged or availed simultaneously on capital goods; the query described a machine purchase including tax and queried whether the tax component could be depreciated when input credit was availed or when it was not, but no ruling was provided for the latter scenario. en-us Sun, 24 Jul 2011 18:40:55 +0530 Thu, 23 Jan 2025 15:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3216 The advisory establishes that depreciation and CENVAT/input tax credit cannot be charged or availed simultaneously on capital goods; the query described a machine purchase including tax and queried whether the tax component could be depreciated when input credit was availed or when it was not, but no ruling was provided for the latter scenario. Discussion-Forum VAT / Sales Tax Sun, 24 Jul 2011 18:40:55 +0530 https://www.taxtmi.com/forum/issue?id=3216