Reduction under Rule 53 of Mvat
This query is : Resolved
Navin Dedhia
(Querist)
13 July 2010
Can anyone pls tell % of reduction in setoff of computer purchased and plant & Machinery, Is it 4% and date from which rates changed.Pls reply earliest.
Amit Sheode
(Expert)
15 July 2010
The rate is 3% under rule 53(7A) wef 01-04-2007 for computers. For plant & machinery full set off is admissible generally
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