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.
09 September 2008
By the way which State, does the transaction relate to.
09 September 2008
Rohit is correct
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