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
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
03 February 2011
In Maharashtra, You can claim sett off only to the extent of 9.5%. (ie reduce 3% from VAT charged)
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