Set off of VAT tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2010
Whether i can take Set off of VAT tax paid on computer for office and
For example
Computer purchased of Rs 20000
and VAT paid of Rs 800
Then How much amount I am eligible for set-off.
Thanks in advance for reply
For example
Computer purchased of Rs 20000
and VAT paid of Rs 800
Then How much amount I am eligible for set-off.
Thanks in advance for reply
04 March 2010
As per rule 53(7A) of the Maharashtra Value Added Rules, 2005 on computer 3% retention is applicable. Hence setoff available will be 1% i.e, (4%-3%).Rs 200 in above case.
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