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
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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