Input vat credit on Office Equipments
This query is : Resolved
02 February 2011
can We take Credit of VAT Charges on Office Equipments
If Yes How much %
Ex. we Purchased Tea Vending Machine For 18563
Basic Value =16500
Vat 12.5% =2063
Then How much Credit We can Get
In Maharashtra
If Yes How much %
Ex. we Purchased Tea Vending Machine For 18563
Basic Value =16500
Vat 12.5% =2063
Then How much Credit We can Get
In Maharashtra
02 February 2011
Your are not mentioned which state belongs,but normally it will not allow to get ITC, Bcoz this is restricted items and capital goods.
03 February 2011
In Maharashtra, You can claim set off after reducing 3% of VAT, ie u can claim 9.5%.
ie 1568 (@9.5%)
ie 1568 (@9.5%)
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