Reduction under Rule 53 of Mvat

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(Querist)


13 July 2010

Can anyone pls tell % of reduction in setoff of computer purchased and plant & Machinery, Is it 4% and date from which rates changed.Pls reply earliest.

Amit Sheode (Expert)


15 July 2010

The rate is 3% under rule 53(7A) wef 01-04-2007 for computers. For plant & machinery full set off is admissible generally



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