VAT on WIP
This query is : Resolved
Yajuvendra Rawat
(Querist)
17 July 2011
Dear Sir's or friends,
Will i get VAT sett off on purchase of Electrical Fittings, Fixtures (Bathroom accesories) on my office which is getting newly constructed. My Vat consultant has said no for Vat settoff, but i still have a question on it. Please help me.
Regards,
Yajuvendra Rawat
Will i get VAT sett off on purchase of Electrical Fittings, Fixtures (Bathroom accesories) on my office which is getting newly constructed. My Vat consultant has said no for Vat settoff, but i still have a question on it. Please help me.
Regards,
Yajuvendra Rawat
17 July 2011
Set off is available but after some % reduction in many states,
e.g. Maharashtra VAT
Rule 53 (7A) :
Office equipments and furniture and fixture, if the same is treated as capital asset :
Reduction of 3% of Purchase Price
e.g. Maharashtra VAT
Rule 53 (7A) :
Office equipments and furniture and fixture, if the same is treated as capital asset :
Reduction of 3% of Purchase Price
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