VAT credit on capital goods
This query is : Resolved
09 August 2010
As per definition given in GVAT capital goods includs plant and machinary, whether credit on repair of that plant or machinary is allowed and whether any other capital goods is eligible for such credit.
09 August 2010
Yes, vat credit on repairs of plant & machinery also will be allowed.
09 August 2010
Thanking You sir for your precious reply. Sir plz give a reference for the same if possible as I am in audit assignment of a public limited company.
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