08-07-2010, 04:21 PM
The input tax adjustments on fixed assets can be claimed subject to limitations prescribed in sections 7, 8 and 8B and or in a notification issued under section 8(1)(b) of the Sales Tax Act, 1990.
The adjustment of sales tax on each fixed assethas to be spread over 12 month
The adjustment of sales tax on each fixed assethas to be spread over 12 month