Sir,
Pl.clarify whether VAT credit on upgradation of existing machinery?
Eligibility of VAT credit on upgradation of machinery
arulselvan (Deputy Manager-Finance) (44 Points)
24 January 2009
1 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 22 December 2010
| Originally posted by : arulselvan | ||
 |
Sir, Pl.clarify whether VAT credit on upgradation of existing machinery? |
 |
if upgradation is done with fresh vat purchase of machine / spare parts / accessories, then it can be claimed as vat on capital goods, in 3 years installments
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