input service and capital

This query is : Resolved 

28 December 2007 what is input service and capital goods under VAT and what is there relevance. does there is any law which specifically deals with these.
plz help me out

20 March 2008 You can find the meaning in the respective State VAT Acts.

21 March 2008 Capital Goods means Plant & Machinerry which are exclusively purchased for manufacturing the goods.


21 March 2008 Input Services means services which are received to provide better services to the clients.



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