Input tax credit on capital goods in maharashtra
This query is : Resolved
19 July 2014
Hi Everyone can you please suggest me about claiming Input Tax Credit of A.C. & Computer used in the Office. My Company is operating in the Mfg. as well as Trading activity. If my Co. is eligible then How Much amount can be claimed(Any Reduction etc.).
Please give your answer from Maharashtra VAT view point.
Please give your answer from Maharashtra VAT view point.
19 July 2014
Normally ITC is not admissible on office equipment, it is only admissible on capital goods.
you must refer the definition of capital goods as per ur state VAT act.
you must refer the definition of capital goods as per ur state VAT act.
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