VAT CREDIT

[MITSUI PRIME ADVANCED]

VAT CREDIT IS ALLOWED ON PRINTING MACHINE/ ZEROX MACHINE YES OR NO

[arun gupta]

well,

if u are engaged in  manufacturing of visiting cards

[rishi mohan]

Yes the vat credit shall be available. But it shall be availed till 3 years, s in case of capital goods.

AI Summary

VAT credit on capital goods: input tax available for printing machines used in manufacture, subject to time-limited claim. Input tax credit under VAT is available on printing and photocopying machines when used in manufacturing activity; the credit is treated as input on capital goods and must be availed within the limited claim period applicable to capital goods.