Input vat credit on purchase of capital goods

u r not eligible to input tax credit on capital goods as per law......

agreee with above

yes u r not eligible for crdit on capital goods

yes u r not eligible for crdit on capital goods

yes u r not eligible for crdit on capital goods

when can cst liability be set off aginst vat if it is to be added in cost????

according to me it is to be added in cost
 

reply asap

Hi Naveen and Valji, I red like ...Input credit of Vat from purchase of capital goods can be availed for 36 months i.e. if i have Input credit of Rs. 90,000 that should be devided by 36 months which comes to Rs.2000 so Rs.2000/- can be claimed on monthly basis for 36 months.

Please correct me if  I m wrong.

Your immediate reply will be highly appreciated.

Thanks