Required negative list of capital goods
Ashish Pareek
(Querist) 03 November 2012
This query is : Resolved
Respected Experts,
With reference to above i just require: -
1. Negative list of Capital Goods in Rajasthan.
2. Input credit availability on capital good.
3. If point no. 2 is correct, than we can also revise VAT return of 1st Quarter of or not.
Is there is any Discrepancy on any level for availing Input Credit or revising return of sale please mention....
Regards
Ashish Pareek
Ms.Nirmala P.Rao
(Expert) 04 November 2012
109
APPENDIX-I
Negative List of Capital Goods for Input Tax Credit
(See clause (x) of Section 2 and Clause (xii) of sub-section (8) of Section 18)
1. Capital Goods purchased or paid prior to the Appointed Day.
2. Civil Structure and Immovable Goods or Properties.
3. Building material used in construction activity (Tax credit shall be available to the
registered VAT works contractors, for their transaction in such construction.)
4. Motor vehicles of all kinds and varieties including Tractors, for Conveyance or Goods
Transportations, Parts and Accessories thereof including Tyres, Tubes and Flaps; but
excluding Excavators, Hydraulic Excavators clampshell, Drojline, Rock Breakers, Mini-
Excavators, Crawler, Cranes, Wheeled Cranes Wheel-loaders, Front end loaders,
Shovels, Breakhoc & Articulated Cranes and all other similar implements in this
category, for the exclusive purpose of use in Mining only.
5. Office Furniture, Fixtures, Fittings and Office Equipments, including Electrical Fixtures &
Fittings, stationery articles including paper
6. Elevators (lift)
7. All Electrical or Electronic Goods and Appliances including Air Conditioners, Air Coolers,
Telephones, Fax Machines, Duplicating Machines, Computers, Photocopiers and
Scanners, Parts and Accessories thereof, other than those for use in the Manufacture,
Processing Packing or Storing of Goods for Sale.
8. Goods designed, and used predominantly for, the provision of entertainment including
Television Receivers, Video Cassette Players, Radios, Stereo Systems, Audio Cassette
Player, CD Players, DVD Players, Computer Game Consoles and Computer Games,
Cameras of any kind;
9. Second hand purchase or subsequent purchase of goods.
Mo input credit is available on the above list of capital goods in Rajastan and the 3rd answer of Revision of VAT return in the first quarter is also not available.
Ms.Nirmala P.Rao
Legal Expert
Ashish Pareek
(Querist) 05 November 2012
Thanks Ms.Nirmala P.Rao
This List is with me but after ninth point u mentioned capital goods in Rajasthan But in my list of the same section is showing of Jharkhand
Kindly clerify or post a link or scanned copy where i can see it.
