Our company is registered in 2009.and it is in under project. to start Commercial production it may took still 6 months.
1.Input State Vat paid on Machinary and Tools. can we claim? if yes when and % of ITC.
Menu
Input vat on capital expenditure-new project
Replies (2)
Its depend on which state you belogs, please provide your state.
Mr Lalit,
Generally,input credit of VAT paid on capital assets is allowed on notified items and especially after startiing production from those machineries only....MJK
Recent Topics :
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
Related Topics :
CAclubindia
