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Input tax credit on capital goods

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(Querist)
29 August 2012 Can anybody tell me is it compulsory to claim the rest of 2/3 part of vat amount in the same month in which the dealer has originally bought the goods.

for eg if dealer had purchased on sep 2011 with a vat amount of rs 4500 and claimed 1/3 i.e Rs 1500 in the ay 2011-12.

can dealer claim next 1/3 i.e Rs 1500 in the first qtr of ay 2012-13 or he should wait for the month of September for claiming the vat input
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Vineet

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Vineet (Expert)
30 August 2012 yes you can claim this in three financial years.its not mentioned whether you have to avail in first quarter or any specific quarter..
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