Dear All,
we have purchased old machinery and a old car .....can we take input credit or what the treatment for this...
Thanks for all
Menu
Invut vat on purchase old capital goods
Replies (2)
credit on machinary can be taken
car's are generally not eligible for credit, but if used extensively in mfg than credit can be taken
No cars input tax restricted item vide vth sch of Kvat act 2003
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
