Input credit on capital goods
This query is : Resolved
ANIL A MALAVADE
(Querist)
01 June 2011
Hi
A private company doing the business of interior decoration, purchased capital goods Viz, Computer and UPS which includes of Vat amount,
the input credit can be utilsed against the output credit which shows the Vat and service tax in the invoice seperatly.
A private company doing the business of interior decoration, purchased capital goods Viz, Computer and UPS which includes of Vat amount,
the input credit can be utilsed against the output credit which shows the Vat and service tax in the invoice seperatly.
Ashok Asthana
(Expert)
01 June 2011
Yes, ONLY if you can prove that the computer system is being used for interior designing etc.
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