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PURCHASE OF FIXED ASSETS THAT PURCHASE TO CLAIM THE VAT
PAYMENT ?
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Answer Posted / 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 |
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