Friends....
A company which is registered under VAT act has bought one computer as fixed asset for Rs. 20,000. VAT @ 4% of Rs. 800. Whether input credit is available?
Which amount should be capitalized?
note: Purchase is made in Tamilnadu State.
Friends....
A company which is registered under VAT act has bought one computer as fixed asset for Rs. 20,000. VAT @ 4% of Rs. 800. Whether input credit is available?
Which amount should be capitalized?
note: Purchase is made in Tamilnadu State.
Hi,
Computer is not related with manufacturing process. Hence, input credit is not eligiable. You have to capitalise Rs.20800/- (Cost price + all expenses)
Regards,
D.Perumal
Sir,
i required MVAT 210 challan for paying the tax of MVAT- 210, please send me the same to my ID: ghanavathi @ gmail.com, regards.
Agree with D .PERUMAL
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