( Author )
18 September 2007
As per Rule 53 of the MVAT Act,2005 input Vat Paid Will be reduced to the extent of 4% on purchase of Furniture And Fixtures,Electrical Installations,Office Equipments.
However my Question is:
1)What all includes as Office Equipments?
(Give some comprehensive list)
2)Do computers,fax machine, printers, safes,air conditioners,mobile sets,etc purchased for office use are to be termed as office equipments?
3)So,Vat paid @ 4% on computers purchased will not be available for Set-off?
4)Are there any amendments to this rule?