VAT input of capital goods
This query is : Resolved
28 April 2009
we are in trading concern in medical product. can you please provide me ref. to law/circulars about vat input credit in case of capital goods like furniture, computer, office equipments, electrical,building
I want to know that can we claim vat input cr. of capitalized goods above 3% vat(ie.foregoing 3%)
I want to know that can we claim vat input cr. of capitalized goods above 3% vat(ie.foregoing 3%)
C.A.Javid Patel
(Expert)
30 April 2009
Yes you can claim setoff @ 2 % under rule 53 of MVAT Rulr, 2002
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