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
Sunil Arora Advocate
(Expert)
02 February 2011
In Punjab Office Equipments are not eligible for Input Tax Credit as it is not an input to your business i.e Trading Item u/s 13(5). Only a person dealing in buying and selling of of Tea Vending Machine (i.e for whom it is something which is bought for resale)is eligible for Input Tax Credit
Anand Agarwal
(Expert)
03 February 2011
In Maharashtra, You can claim sett off only to the extent of 9.5%. (ie reduce 3% from VAT charged)
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST input credit on commercial property
- ETDS return q4 25-26
- Gift to nri relatives residing in usa
- Intimation under section 245
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
