Please Help: C form & Vat credit on capital goods
Posted Date : 07-May-2014 , 04:27:20 pm | Posted By rajendra sewda
Respected Sir,
I have a query that
A registered dealer (manufactures & flour mill) under gujarat vat act & cst act. can he purchase a machinery against C forms at concessional rate
2. secondary vat input credit on capital goods utilisation (eg Machine 450000+vat22500=472500) vat credit for first year is 22500/5=4500 is correct or not
I have a query that
A registered dealer (manufactures & flour mill) under gujarat vat act & cst act. can he purchase a machinery against C forms at concessional rate
2. secondary vat input credit on capital goods utilisation (eg Machine 450000+vat22500=472500) vat credit for first year is 22500/5=4500 is correct or not
Category : VAT | Answers : 0 | Comments : 2 | Hits : 269
Answers
Comments
Adil Malik
13-May-2014 , 12:59:05 pmYes you can purchase machinery against C form for manufacturing or trading purpose.
CA RAVISH AGRAWAL
15-May-2014 , 10:21:40 amIf machinery are purchased on concessional rate, i.e. against c form than you cannot take credit on input vat