Vat Input Credit on Motor Vehicle
This query is : Resolved
29 May 2010
Mr X is a trader who claims Vat input credit on Capital Asset like Motor Vehicle.The Sales Tax Department refuse to give the Input credit saying that input credit can be taken on other capital assets expect Motor Vehicle.
Is Department view is correct?
Is Department view is correct?
29 May 2010
VAT input on motor vehicle is not allowed as per Maharashtra VAT as it is in the negative list of taking input on capital assets.
hence department view is correct.
hence department view is correct.
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