input tax credit on capital goods
This query is : Resolved
12 January 2011
Sir
one of the car dealers in kerala purchased lift and other car servicing machinaries from tamil nadu and from karnataka. they were billed at full rate ie at 12.5% rate instead of CST 2% because they were informed that C form will not be issued for this.
can we claim input vat credit on this capital goods which were purchased from other states..
one of the car dealers in kerala purchased lift and other car servicing machinaries from tamil nadu and from karnataka. they were billed at full rate ie at 12.5% rate instead of CST 2% because they were informed that C form will not be issued for this.
can we claim input vat credit on this capital goods which were purchased from other states..
Ram Avtar Singh
(Expert)
12 January 2011
No. its not Vat its CST
CST & all expense up to installation of machine should be added in cost of machinery.
CST & all expense up to installation of machine should be added in cost of machinery.
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