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input service and capital

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Nikhil Agrawal

Nikhil Agrawal (Querist)
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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

kartik_somu

kartik_somu (Expert)
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20 March 2008 You can find the meaning in the respective State VAT Acts.

Chintan Gajjar

Chintan Gajjar (Expert)
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21 March 2008 Capital Goods means Plant & Machinerry which are exclusively purchased for manufacturing the goods.

Chintan Gajjar

Chintan Gajjar (Expert)
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21 March 2008 Input Services means services which are received to provide better services to the clients.

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