Set off on repairs & maintenance of vehicle

This query is : Resolved

CA Chandankumar Saha (Querist)
Follow

29 October 2011 whether the set off available on the repairs & maintenance of vehicle used for the business ? if Yes , provide the Charging Section as well .

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

29 October 2011 Mr CK Shah,
In most of the States such a set off is not permitted.It is allowed only in the case of an used vehicle dealer subject to some conditions.
MJK

CA Chandankumar Saha

CA Chandankumar Saha (Querist)
Follow

31 October 2011 Sir,
In which Rule Or Section its stated, please provide It.......

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

31 October 2011 Mr CK Shah,
In KVAT Act Pl see Sec 11 and V schedule.
Similarly many other Acts have made provisions.The idea is that input tax credit should be allowed on purchase of goods that are resold, used as raw materials in a manufacturing process(those go into the product), packing materials and capital goods with conditions only.
MJK

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Angadi & Co

SHUBHANGI GOEL

SUMAN SAHA

AJAY Kumar Agrawal

Pawan Haryani

Subscribe Now

Set off on repairs & maintenance of vehicle

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Manager- Finance and Compliance

Accountant

GST CONSULTANT

CA Final

Article Assistant