Credit on Capital goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 May 2010
Hello experts,
I have asked this question several times but i have not received any reply from any of the experts, So atleast this time solve my question.
We have purchased a welding transformer for the company the total amount is 12012.
Taxable value - 11550
Vat @ 4% - 462
so in how many instalments i have to take input credit on capital goods in VAT returns.
I have asked this question several times but i have not received any reply from any of the experts, So atleast this time solve my question.
We have purchased a welding transformer for the company the total amount is 12012.
Taxable value - 11550
Vat @ 4% - 462
so in how many instalments i have to take input credit on capital goods in VAT returns.
CMA Ramesh Krishnan
(Expert)
08 May 2010
Since it is Input VAT on capital goods need to refer the particular state VAT act. please mention your state also
Vishnu Saboo
(Expert)
14 May 2010
normaly its 5. but can vary state to state
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