09 February 2012
Claim is input tax is allowed on fixed assets (capital goods), However the claim of input is subject to the input tax restricted goods.
Eg: In Karnataka goods specified under 5th sch to the act - No input tax can be claimed on such goods..
Querist :
Anonymous
Querist :
Anonymous
(Querist)
10 February 2012
Thank you sir , but can u tell me what rate of fixed asset vat ?