Poonawalla fincorps
Poonawalla fincorps

Credit on Capital goods

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 May 2010 Hello experts,

I have asked this question several times but i have not received any reply from any of the experts, So atleast this time solve my question.

We have purchased a welding transformer for the company the total amount is 12012.

Taxable value - 11550
Vat @ 4% - 462

so in how many instalments i have to take input credit on capital goods in VAT returns.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
08 May 2010 Since it is Input VAT on capital goods need to refer the particular state VAT act. please mention your state also
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Vishnu Saboo

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Vishnu Saboo (Expert)
14 May 2010 normaly its 5. but can vary state to state
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