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Vat on fixed assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 June 2017 sir i wud like to know whether vat and cennvat paid on purchase of fixed assets is allowed as credit ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
21 June 2017 Under current laws the input on Capital goods allowed in 2 years 50:50 ratio and VAT depends on the state VAT act. further GST system also input allowed on capital goods

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