Capital goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2014
if we are transferring the capital goods in the second year to other state
what will be consequences to balance input tax credit under d vat
purchase price = 15000
input vat 15000
itc taken int he first year =5000
balance itc =10000
what will be consequences to balance input tax credit under d vat
purchase price = 15000
input vat 15000
itc taken int he first year =5000
balance itc =10000
Vishnu Saboo
(Expert)
15 April 2014
you have to reverse ITC in proportion
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