Input credit for vat

No, only the registered dealer can avail benefit of claiming input tax credit.

     Allowing ITC on purchase of capital goods is restricted to some selected machinaries and plants in most of the states. This is given in in a notification. Find out what is the rule in your state.......mjk

Hi,

IF u have V.S.Datey sir's book refer page.no 21.

or for ur ref

Credit will be available of tax paid on CG purchased within the state.credit will be available only in respect of goods used in manufacturing and production.the credit will spread over 3 years and not in first year itself.there will be a negative list of CGs.

The credit  of CG is available only for manufacturer or proceesor.

A trader can avail Input tax credit on CG only when he is trading of those CGs.

Rgds 

No, only registered dealer will take ITC.

no you are not take ITC

The issue of capital goods arises only with a mnufacturer and not with a trader......mjk

plz refer para 2.4 of White Paper ​on State-Level VAT for further reference.

 Para 2.4 If the tax credit exceeds the tax payable on sales in a