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VAT set-off on Captial & Revenue Expenditure

This query is : Resolved 
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(Querist)
21 November 2008 Respected All,
I hv some query,
1) What is the exact percentage available for set-off on purchase of capital asset after 01-04-2008 ? (Vat 12.5% or 4%)(Under Maharashtra VAT Act).
2)I have purchase electric material for office reapiry in this bill we have received input vat 4%. Can we take claim for this as revenue expenditure?
(Under Maharashtra VAT Act)
Please give Under which VAT Section this comes.
Awaiting your valuable guidence.
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
21 November 2008 you will read rule 53&54 of mvat act or log on www.mahavat.gov.in
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