Dear Friends,
Whether VAT on Fixed Asset total credit available in the same year in which asset is purchase in as per MVAT Act?
2 Replies
VINOD M. KHANDE
(manager-commercial)
(33 Points)
Replied 19 June 2012
Yes you can avail the 100% of ITC paid on purchase of fixed in the same year and subject to
the retention on assest like furniture and fix. off eq. etc.
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