Vat on capital goods
This query is : Open
Nanda kishor V
(Querist)
24 May 2013
Sir,
CAN WE CLAIM VAT CREDIT ON CAPITAL GOODS LIKE COMPUTER, FURMITURE & FITTINGS, VEHICLES... ETC UNDER THE PROVISIONS OF KVAT RULES... OUR CLIENT IS A MOTOR VEHICLE RETAIL DEALER... PLS REPLY QUOTING THE RELEVANT APPLICABLE SECTIONS :-
CAN WE CLAIM VAT CREDIT ON CAPITAL GOODS LIKE COMPUTER, FURMITURE & FITTINGS, VEHICLES... ETC UNDER THE PROVISIONS OF KVAT RULES... OUR CLIENT IS A MOTOR VEHICLE RETAIL DEALER... PLS REPLY QUOTING THE RELEVANT APPLICABLE SECTIONS :-
Nanda kishor V
(Querist)
24 May 2013
somebody pls revert....//
CA. RAVIKUMAR
(Expert)
24 May 2013
You can not claim input for furniture, fittings.
But you can claim the input for computers (Computing machines).
Refer SCHEDULE V to Karnataka VAT read with section 11 of KVAT Act 2003
But you can claim the input for computers (Computing machines).
Refer SCHEDULE V to Karnataka VAT read with section 11 of KVAT Act 2003
Nanda kishor V
(Querist)
29 May 2013
Sir,
We have VAT registration in Kerala. Kindly, revert whether the same is applicable in Kerala VAT.. pls quote sections if possible..
We have VAT registration in Kerala. Kindly, revert whether the same is applicable in Kerala VAT.. pls quote sections if possible..
CA. RAVIKUMAR
(Expert)
29 May 2013
I welcome any other expert who is good in Kerala VAT to reply this query.
Thanks,
Thanks,
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