Input credit of vat for capital capital
This query is : Resolved
11 May 2013
Respected sir/madam,
I want to know that input credit of vat is available or not for capital goods purchase and if available than at what percentage.
please reply who knows the answer.
I want to know that input credit of vat is available or not for capital goods purchase and if available than at what percentage.
please reply who knows the answer.
11 May 2013
in different state laws different definition are given for CAPITAL GOODS,
so 1st you have to check that in your home state what constitutes capital goods.
next thing is the input credit installment system also depends on the vat law of the state. in some states 1/3rd every year, and somewhere 100% in year of purchase itself.
so what's your state, depends on that.
so 1st you have to check that in your home state what constitutes capital goods.
next thing is the input credit installment system also depends on the vat law of the state. in some states 1/3rd every year, and somewhere 100% in year of purchase itself.
so what's your state, depends on that.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Taxation on LTCG for property sold after 24JUL2024
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- LTCG for Assmt year 26-27
- Tax liability on income of freelancer
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
