Dear all,
Please tell me can take vat credit on capital goods?
NAVIN KUMAR (Account Excutive) (75 Points)
05 February 2013Dear all,
Please tell me can take vat credit on capital goods?
Vineet Jaiswal
(CA)
(141 Points)
Replied 05 February 2013
Yes, u can take credit for VAT on capital goods.
The process for taking such credit depends upon the respective State VAT Act.
CAclubindia
