Input vat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2014
sir..........
can we avail input credit of purchases of plant and machinery. and this p&m. use for manufacturing purpose in fertilizers company and what is provision for avail of input credit on capital goods.
can we avail input credit of purchases of plant and machinery. and this p&m. use for manufacturing purpose in fertilizers company and what is provision for avail of input credit on capital goods.
Vishnu Saboo
(Expert)
24 February 2014
Capital goods are eligible for ITC, you must refer definition of CG under state VAT act.
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