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(Querist)
14 June 2012 We are availing ITC on capital goods
but we have not yet availed any itc against the purchase of tools (small items)
Can we avail the itc of the above we are manufacturers in uttar pradesh

ITC ie Input Tax Credit
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Ravi Agarwal

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Ravi Agarwal (Expert)
14 June 2012 Yes, you can avail the ITC to the extent of 50% of tax on capital goods.

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