Dear Experts,
We have paid VAT amount on "C C CAMERA" purchases, using at surrounding of manufacturing area , Is this VAT eligible for INPUT CREDIT ?
Kindly advise.
1 Replies
ranjithsingh
(Chartered Accountant)
(153 Points)
Replied 16 August 2012
CC camera is not eligible for VAT input credit.because as per variants of the VAT (income variant followed in india) only depreciation is allowed on capital goods,
Recent Topics
- REGARDING GSTR-9 F.Y 2023-24
- Hs news agency from desh to an
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
Related Threads
CAclubindia
