Please Help: C form & Vat credit on capital goods
Posted Date : 07-May-2014 , 04:27:20 pm | Posted By: Rajendra Sewda
Category :
VAT | Answers :
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Comments :
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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 |
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| Comments |
| Posted By : CA RAVISH AGRAWAL |
15-May-2014, 10:21:40 |
| If machinery are purchased on concessional rate, i.e. against c form than you cannot take credit on input vat |
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| Posted By : Adil Malik |
13-May-2014, 12:59:05 |
| Yes you can purchase machinery against C form for manufacturing or trading purpose. |
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