Please do let me know, whether Payment of VAT on procurement of Capital Goods, shall be avail as Input Tax Credit while paying VAT to VAT Authorities or not. Such Capital Goods are bought for the purpose of R & D purpose.
Please clarify me in this regard.
yes..ITC shall be allowed
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
