3 Days Certification Course on Tax Audit Under Income Tax Act 1961
Certification Course on Practical Filing of Income Tax Returns
Certification Course on How to Automate Your CA Practice With AI Tools
WhatsApp Business Automation Mastery
Certification Course On Mastering Balance Sheet Audit with AI Tools
Help me in understanding the behavior of capital goods for the state of Gujarat.
When can the tax claim be taken?
Credit on capital goods can be claimed 100% in year of acquisition.
But
It will be utilised in equal 36 installment for every month.
How can the ITC be taken on purchase of capital goods for the state of Haryana?
Also, in VAT Return form R1, there are asking for the purchase of capital goods used in:
a) Mining
b) Manufacture of exempted goods
c) telecommunication network
d) generation of electricity.
Where does the the capital goods that are used in the manufacture/production get captured?
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
India's largest network for finance professionals
Alternatively, you can log in using: