02 January 2015
One of my client in karnataka purchased Audi Car worth of 40 lakhs and vat @14.5@% which amounts to 597191.00 can we avail input vat on the same if so.. please advise the methods to avail the vat input.
02 January 2015
Since the car purchased seems to be for personal use of director / partner and does not have any nexus with output input credit cannot be availed.
CAclubindia
