Easy Office
LCI Learning

Vat on capital goods

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 March 2008 Accounting treatment of vat on capital goods. hoe much set off we can avail on capital goods?
Profile Image

CA Hemant T Dewani

Profile Image

CA Hemant T Dewani (Expert)
21 March 2008 inthis year fy 2007-08 setoff on capital goods are available reducing by 3% that is 12.5-3=9.5% only thos capital good which are not in negative list on which setoff is not available f e motor car bike scooter etc
Profile Image

Chintan Gajjar

Profile Image

Chintan Gajjar (Expert)
24 March 2008 Credit of VAT paid on Capital goods is available only on newly purchased plants & machineries during the year.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links