INPUT OF CAPITAL GOODS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 May 2011
SIR I WORKS IN GARMENT COMPANY SELLING CLOTHE WE PURCHASE A CAR FOR SELLING & TRANSFER GOODS FROM BRANCH TO BRANCH ,CAN WE SET OFF INPUT VAT OF CAR PURCHASE AGAINST OUT PUT VAT SELLING CLOTHE ,IF YES THEN HOW
21 May 2011
vat credit is not allowed on vehicles unless they are of special type tailor made as per customer requirement, and classified under plant and machinery.
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