Can input VAT be claimed on purchase of capital goods in Karnataka. I've heard that it can be claimed only in some States. If yes, then are there any conditions to be satisfied?
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Input Credit on Capital Goods
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| Originally posted by :Shikha Sharma | ||
| " | Can input VAT be claimed on purchase of capital goods in Karnataka. I've heard that it can be claimed only in some States. If yes, then are there any conditions to be satisfied? | " |
Input VAT on capital Goods can be claimed in Karnataka, subject to some exceptions, which are :
1. Air Conditioner used in Office
2. Furniture
3. Electronic Goods
4. Construction work
5. Interior Work Etc.
Hope my answer helps u.
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