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Q. > Please Help: C form & Vat credit on capital goods
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508 views • Question added May 07, 2014 • VAT • 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

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Adil Malik

13-May-2014 , 12:59:05 pm

Yes you can purchase machinery against C form for manufacturing or trading purpose.

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CA RAVISH AGRAWAL

15-May-2014 , 10:21:40 am

If machinery are purchased on concessional rate, i.e. against c form than you cannot take credit on input vat

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