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Input tax credit on capital goods

This query is : Resolved 
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(Querist)
23 September 2011 Dear Sir,
If we purchase a computer for office use and pay VAT. Can we avail input tax credit and also tell me if it will be adjusted one time or in several installments.

Regards,
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CS Bijoy

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CS Bijoy (Expert)
26 September 2011 Yes input can be taken but only 50% in the first year and remaining in the subsequent year but if the asset is removed with the purchasing year than 100% can be taken as input credit.
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chandra shekhar joshi

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chandra shekhar joshi (Querist)
26 September 2011 dear sir,
thanks for your reply
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