eswar
(student)
(28 Points)
Replied 24 January 2012
u r not eligible to input tax credit on capital goods as per law......
Naveen C. Bisht
(Tax Consultant)
(71 Points)
Replied 27 January 2012
yes u r not eligible for crdit on capital goods
Naveen C. Bisht
(Tax Consultant)
(71 Points)
Replied 27 January 2012
yes u r not eligible for crdit on capital goods
Naveen C. Bisht
(Tax Consultant)
(71 Points)
Replied 27 January 2012
yes u r not eligible for crdit on capital goods
priya
(a)
(33 Points)
Replied 19 March 2012
when can cst liability be set off aginst vat if it is to be added in cost????
according to me it is to be added in cost
reply asap
Atul Parit
(Student)
(23 Points)
Replied 21 March 2012
Hi Naveen and Valji, I red like ...Input credit of Vat from purchase of capital goods can be availed for 36 months i.e. if i have Input credit of Rs. 90,000 that should be devided by 36 months which comes to Rs.2000 so Rs.2000/- can be claimed on monthly basis for 36 months.
Please correct me if I m wrong.
Your immediate reply will be highly appreciated.
Thanks
CAclubindia
