a firm engaged in exporting handicrafts uses a mobile for its business purpose & has paid vat on it .can it claim input tax credit against it.
Menu
input tax credit
Replies (2)
| Originally posted by :akash patni | ||
| " | a firm engaged in exporting handicrafts uses a mobile for its business purpose & has paid vat on it .can it claim input tax credit against it. | " |
Dear Akash,
Input VAT Credit can be taken on the purchase of Mobile but it is disputable issue. If do you know more about this please write mail to me sachinagarwalcallb @ gmail.com
You can not take itc of vat agst.purchase of Mobile for Your business purpose, you can take credit only service tax charged on mobile bill agst.cenvat credit rules
Recent Threads
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
Related Threads
CAclubindia
