banner_ad

Cen vat credit on capital goods

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 July 2012 Dear Sir,


I am a manufacturer of auto part and i have purchased a machinery for use in production on 30.06.12 how much % of duty i can avail in the current financial year and what is the latest notification regarding that
Profile Image

Mohit Naithani

Profile Image

Mohit Naithani (Expert)
06 July 2012 on purchase of machinery you can avail an Excise duty in a ratio of 50% i:e half amount of duty avail in 2012-13 and half is in 2013-14. In case of VAT you can avail VAT Input in a ration of 33.33% for next 3 years.

But VAT is subject to state level and not like income tax and service tax (Central level).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details