vat

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can you debate  about that we can cliam tax credit on capital goods

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THE DEALER ENGAGED IN DOING BUSINESS CAN CLAIM TAX CREDIT ON FULFILLMENT OF FOLLOWING CONDITIONS:

1] VAT MUST BE PAID.

2]SHELF LIFE OF THE ASSET SHOULD NOT BE LESS THAN 3 YEARS OR 36 MONTHS.

3]THE CAPITAL GOODS MUST BE DIRECTLY RELATED TO PRODUCTION.


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