I have a query on input on capital goods in Karnataka, We have purchased some capital goods, mainly furniture & Fixtures, Racks, Freezers, etc. we are in trading business. Please tell me can i take input credit on these items, and for within what period as per latest KVAT Act.
17 February 2012
Furniture and fixture, electrical and electronic goods are all input tax restricted goods.. you can refer to 5th schedule to the KVAT Act , 2003 for the list.. INPUT tax is not allowed..
CAclubindia
