Fixed assets
This query is : Resolved
KUSH WADHWA
(Querist)
30 July 2016
Dear Mr. Expert,
If we purchase any fixed assets for office use like furniture than on that can we take credit of vat on capital goods.
and also want to know that is there amount limit for considering any purchase of fixed assets as capital goods.
If we purchase any fixed assets for office use like furniture than on that can we take credit of vat on capital goods.
and also want to know that is there amount limit for considering any purchase of fixed assets as capital goods.
CA Mohit Bansal
(Expert)
31 July 2016
Yes you can claim credit of vat on CG without any limit on purchase
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