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VAT on Fixed Assets

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(Querist)
11 July 2010 Hi

We are purchasing fixed Assets against VAT . Can we claim the same against out vat if yes please suggest how can we claim VAT on fixed assets.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
11 July 2010 Yes you can cliam it if you have not cpaitalised the amont of VAt with cost of fix asset

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