Mvat credit for fixed asset claimed for previous year
This query is : Resolved
12 December 2012
is Input credit available on Car which was purchased on 2010-11 and no credit is taken during that year ? can the dealer take credit in current year for that purchase?
14 December 2012
No input credit is available on purchase of passenger Vehicles (Car), unless used in business of transferring right to use.
In any way credit can be claimed in the period of purchase.
In any way credit can be claimed in the period of purchase.
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