how much input tax credit available on capital goods under dvat in first yaer
jitendra jain
(delhi)
(80 Points)
Replied 12 February 2010
Iput tax credit will be available on capital goods in the percentage of depreciatilon.this is possible in consumption variant only.
Pankaj Arora
(Learner)
(3134 Points)
Replied 15 February 2010
Dear Manish
u can take input credit of capital goods into 36 equally installments.
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