Itc on fixed assets

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2014 Dear All

Please help us we want to purchase air receiver as a fixed assets can we take input tax credit on that Fixed assets as per DVAT rule.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 June 2014 yes it is allowed...................

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2014 Dear Sir,

But we have a trading compnay in Delhi after that we have take ITC in VAT return.

Please confirm sir

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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17 June 2014 yes it is allowed to take credit on capital goods.

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