Tax Management India. Com TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals News SMS Articles Highlights
        Home        
 
Discussions Forum
Home Forum Value Added Tax - VAT-CST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Input Tax credit on capital goods, Value Added Tax - VAT-CST

Issue Id: - 873
Dated: 19-8-2008
By:- balasubramanian n
Input Tax credit on capital goods

  • Contents

A plain reading of AP VAT ACT and rules gives an impresion that Input Tax credit on capital goods can be claimed in one shot and not in installments spraed over a period. Is that correct. Can some one enlighten me.

Posts / Replies

Showing Replies 1 to 3 of 3 Records

1 Dated: 19-8-2008
By:- T.SUNDARAM
Input tax credit can be carried forward , and can be adjusted against the suceeding months taxes also.
2 Dated: 25-8-2008
By:- V Ramanujam
You are right AP VAT Act/Rules does not contain any specific provision that ITC on capital goods is to be spread over a period. Thus, you can avail ITC in one shot and if any excess remains after adjustment of liability, the same can be c/fd to subsequent period.
3 Dated: 12-11-2014
By:- soni joshi

can we claim ITC on capital goods??


1

Old Query - New Comments are closed.

← Previous Next →
Discussion Forum
what is new what is new
 


Let's just recapitulate:

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.