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How to treat Input Credit of Vat on Capital Goods?

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 June 2010 I want to know How Input credit of Vat is treated on Capital Goods Purchased with in local area without affecting Entry Tax?
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CA Kamal Gangaramani

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CA Kamal Gangaramani (Expert)
21 June 2010 credit capital asset account and debit input credit account

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