Credit on Capital Goods (Most Urgent)
This query is : Open
29 July 2009
We are the exporter and we purchased a machinery for 120000/- and Vat amount is 15000/- from delhi dealer can we take the credit in dvat return if "yes" Please tell us the percentage.
29 July 2009
100% but condition is that u have to keep this machinary minimum 5 years, other wise you can avail the credit 20% in each year.
30 July 2009
Thanks for your early response.
Sir, which period we can claim for each year, what record should be maintain by us.
Sir, which period we can claim for each year, what record should be maintain by us.
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