Itc on capital gods

Please let me know that 

Mr.A the registered dealer from gujarat purchases capital goods from Rajsathan so is he eligible for Input Tax Credit

Replies (1)

Sale Between Two States Covered under the CST, so Mr. A is not eligible to availed the tax credit in his books. Tax charged on the value of machine should be taken as part of capital asset. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register