Fixed asset vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2012
Can i taken benefit of fixed asset vat ?
09 February 2012
yes, if it is used in the manufacture
09 February 2012
Claim is input tax is allowed on fixed assets (capital goods), However the claim of input is subject to the input tax restricted goods.
Eg: In Karnataka goods specified under 5th sch to the act - No input tax can be claimed on such goods..
Eg: In Karnataka goods specified under 5th sch to the act - No input tax can be claimed on such goods..
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 February 2012
Thank you sir , but can u tell me what rate of fixed asset vat ?
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