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
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
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.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
