Our company is registered in 2009.and it is in under project. to start Commercial production it may took still 6 months.
1.Input State Vat paid on Machinary and Tools. can we claim? if yes when and % of ITC.
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Input vat on capital expenditure-new project
Replies (2)
Its depend on which state you belogs, please provide your state.
Mr Lalit,
Generally,input credit of VAT paid on capital assets is allowed on notified items and especially after startiing production from those machineries only....MJK
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