Input on capital goods under mvat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2014
Dear Friends
We are interior designers and architects.
Recently we got our own office constructed in Mumbai.
Can we take VAT input on various capital items used in our office viz: furniture fixtures, computers, UPS, gensets, lifts etc
Thanks in advance.
We are interior designers and architects.
Recently we got our own office constructed in Mumbai.
Can we take VAT input on various capital items used in our office viz: furniture fixtures, computers, UPS, gensets, lifts etc
Thanks in advance.
31 March 2014
Under rule 53(7A) of Maharashtra VAT Rules you are permitted to avail the vat paid on purchases of office furniture and fixtures,if you have capitalized them as assets in your accounts,less by 3%, as input tax.If they are used for production/work purpose(like work shop machines) you can avail full amount of VAT paid as input......mjk
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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding appeal to GSTAT
- Value of property in capital gain
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Copyright software
- Transporter Declaration form
- 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
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
