Vat for capital goods
This query is : Open
BALAMURUGAN GOPAL
(Querist)
19 June 2013
It is basically a Mobile trading Co.That co. now constructing a building and for that purpose it purchase a door gate worth of Rs.178000/- including VAT of Rs.8500/- My question is whether we will take input credit on purchase of door gate or not.
CMA Ramesh Krishnan
(Expert)
21 June 2013
VAT input on capital goods depends upon the state VAT act.
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