Capiital goods credit

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sivaraj (Querist)
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03 February 2012 Can anybody tell me

We are Manufacturers.
can we take 12.5% or 14.5% capital goods credit.
because the sales tax officers told me 5% ITC only allowed for capital goods credit

Pls.. give me the solution

Regards

N.Sivaraj

CA Sumit agarwal MBA CFA

CA Sumit agarwal MBA CFA (Expert)
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03 February 2012 Ask the sales tax officer the relevant provision under which he is saying the same . You may check and confirm. Some states in India has restricted the capital goods to some lower percentage.

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