Whether input tax credit will be admissible for capital goods also? ( AP VAT, Delhi VAT, Gujarat VAT, Haryana VAT, Karnataka VAT, KVAT, Maharashtra VAT, TNVAT, Value Added Tax (VAT), West Bengal VAT, Sales Tax )

Whether input tax credit will be admissible for capital goods also?

 Yes. Input tax credit will be admissible for capital goods used in the manufacture of taxable goods. Capital goods must be used continuously for a full period of five years within the State. How ever, no input tax credit would be admissible for capital goods purchased for the use in:
1. Manufacture of tax-free goods
2. Generation of electricity including captive power
3. Works contract