Input vat of capitalized goods

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 November 2011 our factory is under construction (granite factory in malur karnataka), can take input of capitalized goods in sales tax return & how can refund entry tax if we submitted/paid wrongly,where is entry tax is exempted

Rajnish Singh

Rajnish Singh (Expert)
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14 November 2011 ALL THE INPUT ON CAPITAL ASSETS CAN BE AVAILED WITH IN NEXT 3 FINANCIAL YEAR. IF YOU PAID WRONGLY ENTRY TAX THAN ADJUST THEM WITH YOUR PAYABLE AND CLEAR THIS AT A TIME OF ASSESSMENT WITH A SELF DECLARATION.

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