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Input vat credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 January 2014 sir..........
can we avail input credit of purchases of plant and machinery. and this p&m. use for manufacturing purpose in fertilizers company and what is provision for avail of input credit on capital goods.
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Vishnu Saboo

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Vishnu Saboo (Expert)
24 February 2014 Capital goods are eligible for ITC, you must refer definition of CG under state VAT act.

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