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