Dear All,
we have purchased old machinery and a old car .....can we take input credit or what the treatment for this...
Thanks for all
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Invut vat on purchase old capital goods
Replies (2)
credit on machinary can be taken
car's are generally not eligible for credit, but if used extensively in mfg than credit can be taken
No cars input tax restricted item vide vth sch of Kvat act 2003
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