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input service and capital

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(Querist)
28 December 2007 what is input service and capital goods under VAT and what is there relevance. does there is any law which specifically deals with these.
plz help me out
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kartik_somu

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kartik_somu (Expert)
20 March 2008 You can find the meaning in the respective State VAT Acts.
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Chintan Gajjar

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Chintan Gajjar (Expert)
21 March 2008 Capital Goods means Plant & Machinerry which are exclusively purchased for manufacturing the goods.
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Chintan Gajjar

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Chintan Gajjar (Expert)
21 March 2008 Input Services means services which are received to provide better services to the clients.

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