Capital goods vat input
This query is : Resolved
26 May 2012
Sir,
We have paid VAT for Capitals goods around Rs.3.75 lacs, just now we started the production, shall be we adjust our vat collection on sales in this capital goods VAT. Last Month April 2012, we have collected Rs.37000 tax. Waiting for your prompt reply sir.
We have paid VAT for Capitals goods around Rs.3.75 lacs, just now we started the production, shall be we adjust our vat collection on sales in this capital goods VAT. Last Month April 2012, we have collected Rs.37000 tax. Waiting for your prompt reply sir.
26 May 2012
hi
as per KVAT Act2003, you can adjust the input against the out put tax while filing the VAT-100 return.
as per KVAT Act2003, you can adjust the input against the out put tax while filing the VAT-100 return.
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