Vat on capital goods

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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 :-

Nanda kishor V

Nanda kishor V (Querist)

24 May 2013 somebody pls revert....//

CA. RAVIKUMAR

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

Nanda kishor V

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..

CA. RAVIKUMAR

CA. RAVIKUMAR (Expert)

29 May 2013 I welcome any other expert who is good in Kerala VAT to reply this query.

Thanks,

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