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INPUT TAX CREDIT CLAIM ?

This query is : Resolved 
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(Querist)
11 December 2008 Company have purchased truck for suppy of our goods to customers thru EMI payments can we claim input tax credit on this purchase of truck.
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CA. Raviprakash M.S

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CA. Raviprakash M.S (Expert)
11 December 2008 Under KVAT act [Karnataka] input tax credit can be claimed on goods vehicle as it is treated as capital goods U/s 2(7). YOur have to check your states act and check the definition of capital goods defined under the Act.
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