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Input vat credit on Office Equipments

This query is : Resolved 
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(Querist)
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
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Sunil Arora Advocate

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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
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Anand Agarwal

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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)
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