set off

This query is : Resolved 
 


Querist : Anonymous (Querist) 25 February 2011

In case of Purchase of Fixed assets Office Equipments,Furniture fixtures,Computer,EDP Equipment,Lab Equipments VAT (maharashtra) what % is allowed as set off


S.A.BADAMIKAR (Expert) 25 February 2011

For plant & Machinery full setoff available.For Building No setoff. Office Equipment / furniture Setoff to be reduced by 3%. For Computer / Edp Equipment I think 3% reduction applicable. For Lab equipment full setoff available.



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