KARNATAKA VAT INPUT ON CAPITAL GOODS
This query is : Resolved
srinivas Ganesh Shet
(Querist)
08 April 2010
Pls let me know whether VAT Input on purchase of machineries and tools in manufacturing industries can be claimed agaist VAT OUTPUT during the respective month in karnataka vat
A. Sankaranarayana
(Expert)
08 April 2010
Dear Mr. Srinivas Ganesh,
As per Karnataka Value Added Tax Act, of Sec.12, deduction of input tax in respect of Capital Goods shall be allowed,
after the commencement of commercial production,
or
sale of taxable goods
or
sale of any goods out of teritory of India
U need to file one Form 265 with the LVO.
as per my view.
A. Sankaranarayana
9448144025
asankaranarayana@gmail.com
Bangalore-21.
As per Karnataka Value Added Tax Act, of Sec.12, deduction of input tax in respect of Capital Goods shall be allowed,
after the commencement of commercial production,
or
sale of taxable goods
or
sale of any goods out of teritory of India
U need to file one Form 265 with the LVO.
as per my view.
A. Sankaranarayana
9448144025
asankaranarayana@gmail.com
Bangalore-21.
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