Input vat credit on capital goods ( car)

VAISHNO (ACCOUNTANT) (69 Points)

13 October 2012  

Hello,

I have one quary regarding input Vat Credit on Purchase of Capital Goods (i.e. Motor CAR). Can i take credit of vat or not.

please tell me clearly under DVAT. If we sold the Capital Goods (i.e. Car), i am liable to pay DVat @ 12.5%.

pls give suggs