Input tax credit on capital goods
This query is : Resolved
CA Devesh Thakur
(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
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
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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