vat on capital goods

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shyam

shyam (Querist)
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31 December 2010 how can tretment of capital goods vat.
and sales tax return

Hitender Gaur

Hitender Gaur (Expert)
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01 January 2011 One can't take the benifit of Input VAT of capital goods - Car and vehicles. But there is some capital goods for which you can get the benifit of Input VAT like- palnt, machinery, equipments etc. in two diffrent tax periods in the ratio of 50% and 50%.