Latest vat act karnataka

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KingToRule (Querist)
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17 February 2012 Hi,

I have a query on input on capital goods in Karnataka, We have purchased some capital goods, mainly furniture & Fixtures, Racks, Freezers, etc. we are in trading business. Please tell me can i take input credit on these items, and for within what period as per latest KVAT Act.

CA. Hari Kishan

CA. Hari Kishan (Expert)
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17 February 2012 Furniture and fixture, electrical and electronic goods are all input tax restricted goods.. you can refer to 5th schedule to the KVAT Act , 2003 for the list.. INPUT tax is not allowed..

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KingToRule

KingToRule (Querist)
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18 February 2012 Thankyou sir

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