vat on capital goods
This query is : Resolved
31 December 2010
how can tretment of capital goods vat.
and sales tax return
and sales tax return
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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