Input credit on capital goods_karnataka vat
Querist : Anonymous
We have a client who is a trader. He imports goods & sells them in local & interstate transactions.
They have purchased capital items like Computer/Furniture's etc on which VAT is applicable.
Please let me know can Input vat be availed for these capital items.
everything we capitalize is not capital goods.
you have to see the definition of capital goods.
in my opinion he is not eligible for avail ITC on computer and furniture
Querist : Anonymous
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