Dear All,
I wanna to know that whether i can take VAT (UP) input credit on Tool Purchase.
regards
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 16 March 2010
you can take input vat credit as capital goods. 33% in a year (three year.)
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961