Input Tax credit on Capital Goods in Delhi

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With regard to ITC on Capital Goods in Delhi

Assume we have Purchased machinery for Rs.1,04,000 on 2nd Sept 2008,in which Rs. 4,000 is the Tax element.

As per the Delhi VAT Act, during this 2008-09, I have to claim ITC on Capital goods as Rs. 1,333

for 2009-10 - Rs. 1,333

for 2010-11 - Rs. 1,333

Can anybody confirm the same.
 

Replies (5)

Yes

this procedure is right. Total input credit on capital goods can be divided in 3 parts and claimed in 3 years.

 

Yes. Credit would be taken in 3 equal annual installments.
 

why do we need for h-form and c-form & basic difference between c-form and h-form

what did you send the h-form istead of c-form

 

Input Tax credit on Capital Goods( Moter Vehicle in Partnership ) in Rajasthan

UNDER D VAT ACT, FOR VAT RETURN (DVAT16) WHERE WE CAN SHOW THE TAX CREDIT ON CAPITAL GOODS FOR IIND INSTALMENT

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