Easy Office
LCI Learning

Capital goods

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 April 2014 if we are transferring the capital goods in the second year to other state
what will be consequences to balance input tax credit under d vat
purchase price = 15000
input vat 15000
itc taken int he first year =5000
balance itc =10000
Profile Image

Vishnu Saboo

Profile Image

Vishnu Saboo (Expert)
15 April 2014 you have to reverse ITC in proportion

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links