CREDIT OF TAX PAID ON FIXED ASSETS - MVAT
This query is : Resolved
06 April 2008
Sir
mine is the limited co. and we have manufacturing unit. sir we have one administrative office and one registered office. sir we purchase many fixed assets for administrative office so the vat paid on it can be taken as input credit
mine is the limited co. and we have manufacturing unit. sir we have one administrative office and one registered office. sir we purchase many fixed assets for administrative office so the vat paid on it can be taken as input credit
S.Srinivasaraghavan
(Expert)
07 April 2008
1. Where is the administrative factory situated? Is it attached to the factory? What is the nature of administrative work? Is it common to various activities of the company? If so what are the various activities?
07 April 2008
Sir Administrative office is in city and factory is in MIDC,
Administrative office do all administrative work
Administrative office do all administrative work
S.Srinivasaraghavan
(Expert)
08 April 2008
You will not get input VAT credit for machinery used for administrative purpose which has nothing to do with manufacture or re-sale. This is subject to the provisions of VAT relating to your State.
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