Sriram Aryan (Article Student) (38 Points)
05 January 2011Dear all,
I have a doubt that needs to be clarified sooner.
What procedure need to be followed when input credit on capital goods was claimed and later the capital good was found to be obsolete and has to be replaced.
This replacement happened after the warranty period.
Please Help ASAP
Regards
Sriram
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 05 January 2011
clear the capital goods after paying appropriate vat , get fresh capital goods, and get fresh credit
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
