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Input vat credit on Office Equipments

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(Querist)
02 February 2011 can We take Credit of VAT Charges on Office Equipments
If Yes How much %

Ex. we Purchased Tea Vending Machine For 18563
Basic Value =16500
Vat 12.5% =2063
Then How much Credit We can Get
In Maharashtra
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sharanagouda s patil

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sharanagouda s patil (Expert)
02 February 2011 Your are not mentioned which state belongs,but normally it will not allow to get ITC, Bcoz this is restricted items and capital goods.
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Anand Agarwal

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Anand Agarwal (Expert)
03 February 2011 In Maharashtra, You can claim set off after reducing 3% of VAT, ie u can claim 9.5%.

ie 1568 (@9.5%)




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