Input Vat credit of Capital Goods

Input credit on capital goods to be taken  even though after commencement of business in allowable portion

Please provide format of VAT Audit.

Surely

Vat Input credit on capital goods to be taken fully ,for a hotel mattresses and chairs are like plant & machine for manufacturing,in Vat proportion scheame is abscent for input credit, so full vat input be taken but FA be valued at net of vat value.

sir

  i have doubt that what is the limit of under vat reg

My Comany Had purcahse 10 Trucks(Bulkers) for the transport of Material to the party. We have paid input of Rs.22,00,000/- at the time of Purcahse of Trucks. Can we adjust the Vat Input with Output. Please give us your valaubale advice on this matter. As  per The advocate, We will not abale to get the benifit of Input on Automobiels Itemes. Our Company Manufacture Unit is in tthe state of Andhrapradesh.

P K Dokania

Hi

This is Deepak kumar from Delhi.

please tell me whether all capital goods are eligible for vat credit ?

reply soon

Thanks

Hi Deepak, we cannot take input of all capital goods, only such capital assets which are used for manufacturing purpose only.