Query about Maharashtra Value Added Tax Act ,2002
This query is : Resolved
DIPTI KHANOLKAR
(Querist)
13 December 2007
Who can claim set-off in respect of purchase of motorcar with reference to Rule 54 under MVAT ACT,2002?
KAUSTUBH M JOSHI
(Expert)
13 December 2007
motor car is a capital goods in cases where the dealer is not a dealer in car. It will be treated as capital assets purchased for personal use though the car may be used for business purposes. So no set off can be claimed.
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