vat ,,,,,,,,,,
This query is : Resolved
09 September 2008
we purchased computers on which vat was levied .
can we claim credit over such vat amount
or if it cannot be treated as as credit
can we claim as expenses
can we claim credit over such vat amount
or if it cannot be treated as as credit
can we claim as expenses
Guest
Guest
(Expert)
09 September 2008
normally credits of vat paid on computers & printers are not allowable.
And the computer will be an asset and you have to provide depreciation on it and depreciation will be allowable as expenditure.
Rohit
And the computer will be an asset and you have to provide depreciation on it and depreciation will be allowable as expenditure.
Rohit
09 September 2008
You should be able to claim input credit on that purchase, provided you are using it for business purpose and the provisions of section 11 which prohibit taking credit, permit the credit.
Depreciation is different and as Rohit says.
Depreciation is different and as Rohit says.
CMA Jitendra Singh
(Expert)
09 September 2008
Rohit is correct
Dhirajlal Rambhia
(Expert)
21 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Section 269ST applicability for capital introduced by partner to his partnership firm
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
