Set-off on Computer and its repair
This query is : Resolved
03 February 2011
My client has his own IT Industrial unit. His main products are Soft-wares ( as per customers requirement). Thus his machinery and equipment are Computers and peripherals only.
My query is whether VAT on computer purchases and its repairs is eligible for 100% set-off. If not then on what ground ? Is there any specific notification available stating the dis-allowance fully or partially ?
This is regarding VAT in Maharashtra State.
My query is whether VAT on computer purchases and its repairs is eligible for 100% set-off. If not then on what ground ? Is there any specific notification available stating the dis-allowance fully or partially ?
This is regarding VAT in Maharashtra State.
04 February 2011
Dear Sir,
as your client IT industrial unit in which his main products are computers so for IT industrial unit Computers and its peripherals are treated as plant and machinery so the dealer can claim 100% set off on purchases of Computers and its repairs.
as your client IT industrial unit in which his main products are computers so for IT industrial unit Computers and its peripherals are treated as plant and machinery so the dealer can claim 100% set off on purchases of Computers and its repairs.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
