How can i take vat credit on capital goods.please disclose.me?
when you file your vat return in colum of purchase you see two options (1 capital goods purchase & 2 onther purchase) you should write you capital goods value in capital goods colum but you can claim the vat on capital goods 3 years queal instalments. let if i fill quaterly retrun capital good value 100/- add : vat 4/- total 104/- capital goods 104 vat claim (4/3/4) (vat/year/quater) 0.33 the balance amount of vat (4 – 0.33) 3.66 transfer to current assets next time while return filled .033 credited from curent assets. for orher information mail me vaibhavsharma73@yahoo.
