Namaste,
The assesse is registered dealed under Karnataka VAT Act. Assessee is exporting software Product and there is no any local sales. Assesse is getting its books of accouts audited under KVAT Act to claim refund of input tax paid in the business of export of Software goods. My doubt is whether assesse can take Input tax credit on the fixed asset purchased for the purpose of employee welfare (e.g. GYM materials)... ? Please advice ...
CAclubindia
