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.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

Vishnu Saboo (Expert)
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14 May 2010 normaly its 5. but can vary state to state

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