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Input credit available on capital goods

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 May 2011 plesae suggest me the treatment of input credit on capital goods is vat is applicable

28 May 2011 Hi

you can avail the 100% input vat on capital goods as per the KVAT act 2003.

but the capital goods which is is used only in the process of manfacturing /production to get the final product only.



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