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.
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
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
