Can reclaim vat on mobile phone

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This query is : Resolved

m.a.p

m.a.p (Querist)
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06 May 2013 Our company has purchased s4 mobile for our director and paid vat on it can we reclaim the vat amt on that while filling vat return
kindly answer waiting for your reply

Sandip R Lathiya

Sandip R Lathiya (Expert)
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06 May 2013 No it is not good for the comapany & it is not assest which productuion use so company can't claim of your vat credit.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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06 May 2013 If you traet it as a cpital goods it may be possible to claim ITC. In some states only listed capital goods are allowed to claim ITC on their purchases....mjk

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