Input vat on fixed assets

Under Delhi VAT,

* Only if you are the dealer of taxable commodity, then you can claim input tax credit on such capital goods used for office purpose only, in the following manner:-

      ** 1/3rd of the input tax on such capital goods arising in the same tax period in which it is                   bought.

     *** Balance of 2/3rd input tax in equal proportions in corresponding tax periods, but within               two immediately successive financial years.

Regards

Piyush Tanwar

Tiwari & Associates

Mobile - 09717468521

Email - imcoolpiyush.tanwar @ gmail.com