Pl. clarify me VAT on Capital Goods under Karnataka Value Added Tax ?
Can Input VAT Credit on Capital Goods be claimed full amount of credit available irrespespective of value or any amount restructions is there like if VAT credit amount amount is more than 1,00,000/-(ex.) we have avail capital good VAT credit in 2 years??
Entry tax on capital goods purchased either Interstate or Imported?
in karnataka,if the value of capital goods is less than 10 lakhs then input can be claim immediately
| Originally posted by :MOHAMMAD.QUSROO | ||
| " | in karnataka,if the value of capital goods is less than 10 lakhs then input can be claim immediately | " |
under MVAT if end product is exempt do i claim full set off agst. my input credit ??
Is there any relaxation if I Export entire or part of Exempted Good??
Is there any relaxation for domestic sale but Mfg. Unit in Special Zone ?
please reply
The capital goods credit is available in full except for those which are listed in Sch V. There is no value cap.
ADY & CO.
New Delhi
Graduate (Any)
View Details
Malhotra Rajesh & Associates
New Delhi
B.Com
View Details
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
CCI
Pro
CAclubindia
