Input of vat

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2012 can we use capital goods input with cst payable.

RENGARAJ R.K

RENGARAJ R.K (Expert)
Follow

17 July 2012 All the input tax (ITC) credit can be adjusted while paying the output tax of vat and CST. Please check up whether capital goods claimed by you are eligible under your state VAT act. Also check up whether any % is fixed for availing the ITC in a particular year. In some states, 50% is to be taken in the first year and balance in the subsequent years.

Whenever a query is raised please mention your state of operation.

Message likes : 2 times

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2012 ok noted, by the way i am asking for state delhi. as i know where we can use capital good credit in 3 year.

Upgrade to CAclubindia Pro. Subscribe Now!