whether input vat credit on captital goods should be adjusted in the same quarter in the subsequent year or whether it can be adjusted in any quarter of subsequent year ... plz clear...
Sumit Kumar (CA Final Student) (38 Points)
04 August 2009whether input vat credit on captital goods should be adjusted in the same quarter in the subsequent year or whether it can be adjusted in any quarter of subsequent year ... plz clear...
nilay Ranjan Pal
(Site Accountant)
(24 Points)
Replied 09 August 2009
It can be adjusted in any quarter during in such financial year.