Can we take credit on indirect exp in maharashtra
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 April 2013
can we take on input vat tax credit on vat paid on printing & Stationery
14 April 2013
No, it is not allowed.Input tax paid on purchases of office stationery,furniture,equipment/machinery,fuel for office vehicles,catering/canteen etc can not be taken credit because they are not sold out or not used in the processing/manufacturing of products sold...mjk
17 April 2013
Under Rule 52 (a) of Maharashtra Value Added Tax Rule, 2005 claimant Dealer is entitle to claim input credit on purchases of goods being capital assets and the goods the purchases of which are debited to profit and loss account or debited to trading account. the purchases of printing and stationary on which tax is separately charged will be eligible for input tax credit subject to other provisions applicable for grant of setoff in MAHARASHTRA.
Message likes :
1 times
02 June 2013
In case you have received the bills and goods have also been received then it is entitled to adjust the expenses.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Not able to file ITR
- Building tax payment deduction in rental Income
- Foreign inward in ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
