Crane Purchase

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..... We are a steel trading firm in Bangalore, having VAT registration. Now we have purchased a new Crane (From Bangalore - For Own Use) where the manufacturer has charged us VAT at the rate of 14.5 pe .....

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..... rcent . Can we claim the above 14.5 percent VAT as regular input tax. Request the forum panel to please suggest/guide on weather I can claim the same. Thanks - Vimal Kumar Goel +91 99005543 .....

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..... 21 - Reply By VIKAS KAPOOR - The Reply = on Capital Items also can have the Input vat Credit. All the VAT Credit can not be claimed at a same time. Kindly check in your state tax rules, usually it .....

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..... is 50 percent on same year 25 percent in next year bal 25 percent in 3rd year. pls go thru with Karnataka vat Rules. Regards.. Vikas kapoor - Crane Purchase - Query Started By: - Vimal Goe .....

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..... l Dated:- 16-9-2013 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagemen .....

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..... tindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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