VAT Input on Capital Goods
This query is : Resolved
ARVIND AGGARWAL
(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)
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)
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.
the ITC (INPUT TAX CREDIT_) is allowed only for manfacturing for useing as capital goods and
NOT FOR TRADERS.
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