VAT credit for Fire safety equipments
This query is : Resolved
Jayesh Jagetiya
(Querist)
28 November 2008
Our company purchased some Fire safety equipments which to be installed in factory.
Can we take VAT credit of the same?
Can we take VAT credit of the same?
CA Hemant T Dewani
(Expert)
28 November 2008
if this goods are realted to the productin then you will take full vat credit because this are installed in the factory not in office premises
Jayesh Jagetiya
(Querist)
28 November 2008
means if we purchase Airconditioner for factory then we can take VAT credit & if we purchase Airconditioner for Administrative office then the VAT credit will not be available. am i right?
Deepak Agrawal
(Expert)
28 November 2008
Yes
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