vat on capital goods
This query is : Resolved
Hitender Gaur
(Expert)
01 January 2011
One can't take the benifit of Input VAT of capital goods - Car and vehicles. But there is some capital goods for which you can get the benifit of Input VAT like- palnt, machinery, equipments etc. in two diffrent tax periods in the ratio of 50% and 50%.
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