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purchase of capital goods inpur credit availing

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 February 2014 pls let me know as per vat act we are the manufacturing compay shall avail a input credit for capital goods.

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swaminathan
A/cs
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Vishnu Saboo

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Vishnu Saboo (Expert)
26 February 2014 yes, normally ITC is avilable on CG. u must refer definition of CG and also section of ITC of ur state vat act

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