hi forum,
could u please tell me what is the time limit for revising delhi value added tax return without penalty.
Thanks with regard please its urgent.
aditi ghosh
(Faculty)
(23 Points)
Replied 29 May 2008
Could you please tell me how could we calculate input credit on capital goods, if it costs less than 1 cror.
biren thakkar
(accounts manager)
(231 Points)
Replied 03 June 2008
Dear Aditi,
The Input Credit does not depend on the cost of the goods, what ever vat amount you had paid for the purchase of capital goods that should be set off against the payable vat. Further you have to go state-wise for the clarification.
biren thakkar
(accounts manager)
(231 Points)
Replied 03 June 2008
Dear Mr. Negi,
Please go through the follwing link for your clarification.
https://www.dvat.gov.in/dvatonline/page.php?PageId=12
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