Can Vat credit on capital goods be availed

If a manufacturing concern (Wood Doors manufacturer) taking vat credit on computer purchased. Is it correct or not? Pls reply as early as possible.

Replies (9)

in my opinion i think  you can take credit

Yes there is a separate column for Input Credit availed from Capital goods. Capital Goods except Air Conditioner are allowed for Input Tax credit

Yes u can take credit if the invoice is Tax Invoice & Break up of Vat given on Invoice and supplier shoud have Vat Tin number

Vat Credit on capital goods can be taken if capital goods are use for in factory or for manufactering purpose

in ur case if computer are use for office purpose then vat credit will not be avilable

Raj Patni

in your if computer use for drawings etc. for maufacturing items than you seems to be entitled but be carefull because it's not available under IIIrd schedule Part_B, i.e. list of capital goods otherwise answer is negative. Computer not covered for ITC

No, you can't avail the VAT Credit in this case as it is not part of your business.

can you please send me tamilnadu vat negative list for capital goods. Please reply at the earlist.

You can take credit of vat after reduction.

Even I want to know the same thing. In case of printing business, new furniture and some renovation is done and on that VAT is paid. Can credit be claimed?

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