03 October 2007
under karnataka vat the list of goods on which input vat credit is not available is mentioned in schedule V. For all others goods input credit can be taken. pl refere your states vat act. there will be a seperate scheudle,on which no input vat is available as in kvat act.
I belongs to Ankleshwar (Gujarat) and working as finance controller in Techno Forge Limited (Forging Manufacturer) Excactly i want to know Capital items on which VAT Credit can be availed.
CAclubindia
