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Credit of vat input on capital goods

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 November 2011 We Purchase Machinery in Rajasthan of Rs. 80,00,000.00 @ 5% on which we paid VAT 4,00,000.00 for running unit in the quarter IInd for the year 2011-12 on date 23.08.2011. How much credit wiil be allowed to us.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
10 November 2011 33% VAT IN EVERY THREE YEAR

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