Input tax credit

This query is : Resolved 

25 July 2009 Hi frndzz....

hey actually m vry confused abt the rules for taking VAT credit..please tell me on which goods VAT credit is taken & on which 1s it is not taken...wat is the general rule followed...

will look fwd to some replies....

thanks...tk cr...

25 July 2009 on Capital goods (except negative list), raw material, consumables

31 July 2009 what is the negatine list of capital assets on which VAT credit is not to br taken????????

plz reply...


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