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Purchase of fixed assets

This query is : Resolved 
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(Querist)
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.
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Ketan Shah

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Ketan Shah (Expert)
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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 January 2015 Alternatively only when its for use of official purpose then under KVAT it is allowed.
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
02 January 2015 Keep Proper Documentation for the Purpose of the said car for Official use, You can Avail 50% of Excise Duty Input this Year.
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