Vat on fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2017
sir i wud like to know whether vat and cennvat paid on purchase of fixed assets is allowed as credit ?
CMA Ramesh Krishnan
(Expert)
21 June 2017
Under current laws the input on Capital goods allowed in 2 years 50:50 ratio and VAT depends on the state VAT act. further GST system also input allowed on capital goods
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