Input credit on car
This query is : Resolved
08 March 2014
we are running a partnetship firm which deals with trading of scrap. we bought a car for the cited business . now my question is whether the vat paid on car bought is eligible to claim input credit or not.
08 March 2014
ITC is allowed on Inputs and capital goods.
see the definition of capital goods in ur state VAT act.
see the definition of capital goods in ur state VAT act.
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