input service and capital
This query is : Resolved
Nikhil Agrawal
(Querist)
28 December 2007
what is input service and capital goods under VAT and what is there relevance. does there is any law which specifically deals with these.
plz help me out
plz help me out
kartik_somu
(Expert)
20 March 2008
You can find the meaning in the respective State VAT Acts.
Chintan Gajjar
(Expert)
21 March 2008
Capital Goods means Plant & Machinerry which are exclusively purchased for manufacturing the goods.
Chintan Gajjar
(Expert)
21 March 2008
Input Services means services which are received to provide better services to the clients.
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