Capiital goods credit

This query is : Resolved 

03 February 2012 Can anybody tell me

We are Manufacturers.
can we take 12.5% or 14.5% capital goods credit.
because the sales tax officers told me 5% ITC only allowed for capital goods credit

Pls.. give me the solution

Regards

N.Sivaraj

03 February 2012 Ask the sales tax officer the relevant provision under which he is saying the same . You may check and confirm. Some states in India has restricted the capital goods to some lower percentage.



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