PURCHASE OF FIXED ASSETS THAT PURCHASE TO CLAIM THE VAT PAYMENT ?

PURCHASE OF FIXED ASSETS THAT PURCHASE TO CLAIM THE VAT
PAYMENT ?

Question Posted / prabakaran

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PURCHASE OF FIXED ASSETS THAT PURCHASE TO CLAIM THE VAT PAYMENT ?..

Answer / dharmendra jha

Generally we consider the value of vat on purchase of fixed assets as a Value of Assets so the To Total Value of Assets should be (Cost of Assets + Vat)

And 2nd provision is also available in VAT Act,

We can claim the Vat amount as a CENVAT Credit on purchase of capital goods and it is 50% available for first year and remaining in other year....

Is This Answer Correct ?

23 Yes

1 No

PURCHASE OF FIXED ASSETS THAT PURCHASE TO CLAIM THE VAT PAYMENT ?..

Answer / himanshu

vat amount on purchase of fix assets calim in three part e
i 33.33% vat claim in this balance amont calim in next two
yaer 33.33% & 33.33% .

If cenvat -
amount of cenavt on purchase of fix assets 50% calim inthis
year through Excise Register RG-23c & 50% calim in Next
Year through excise register RG-23c Part II

Is This Answer Correct ?

5 Yes

4 No

PURCHASE OF FIXED ASSETS THAT PURCHASE TO CLAIM THE VAT PAYMENT ?..

Answer / himanshu

vat amount on fixed assets calimed 50% calim in purcahse
year & 50% claimed next year

Is This Answer Correct ?

3 Yes

4 No

PURCHASE OF FIXED ASSETS THAT PURCHASE TO CLAIM THE VAT PAYMENT ?..

Answer / rohit jha

Now You can not claim for vat Refundable on Fixed Assets
Purcahse

Is This Answer Correct ?

3 Yes

5 No

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