VAT on Fixed assets, VAT + CST

[Narasimha Babu]

Can i claim VAT on Fixed assets or i have to add back to Assets.

Posts / Replies

[CA Rachit Agarwal]

Claiminng of Input VAT Credit on Fixed Assets depends on the State VAT Law. Various states has its own way of allowing credit to the assessee. Further it also depends on the direct or indirect use of the Fixed Assets.