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VAT Input on Capital Goods

This query is : Resolved 
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(Querist)
21 June 2011 Dear Sir,

Kindly let me know whether VAT Input on Capital Goods allowed to Traders or not.

If yes then please tell me claim procedure(No. of Instalments etc.) for the same under TNVAT.

Thanks & Regards,
Arvind Aggarwal(CWA)
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B R Ramesh

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B R Ramesh (Expert)
25 June 2011 Hi

the ITC (INPUT TAX CREDIT_) is allowed only for manfacturing for useing as capital goods and

NOT FOR TRADERS.
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