VAT on Fixed assets

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....AT on Fixed assets<br> Query (Issue) Started By: - Narasimha Babu Dated:- 7-3-2011 Last Reply Date:- 7-3-2011 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Can i claim VAT on Fixed assets or i have ....

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....to add back to Assets. Reply By CA Rachit Agarwal: The Reply: 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 ass....

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....essee. Further it also depends on the direct or indirect use of the Fixed Assets.<br> Discussion Forum - Knowledge Sharing ....