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Input tax credit

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(Querist)
25 July 2009 Hi frndzz....

hey actually m vry confused abt the rules for taking VAT credit..please tell me on which goods VAT credit is taken & on which 1s it is not taken...wat is the general rule followed...

will look fwd to some replies....

thanks...tk cr...
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
25 July 2009 on Capital goods (except negative list), raw material, consumables
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Pooja

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Pooja (Querist)
31 July 2009 what is the negatine list of capital assets on which VAT credit is not to br taken????????

plz reply...
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