Our company has bought a part of machinery and treated it as repair and maintenance exp i want to know whether i can claim input vat on the aforeaid machinery(as Capital Goods i.e 1/3 claim) ?
KAMAL BANSAL (Chartered Accountant) (44 Points)
16 August 2013Our company has bought a part of machinery and treated it as repair and maintenance exp i want to know whether i can claim input vat on the aforeaid machinery(as Capital Goods i.e 1/3 claim) ?
Anand
(Chartered Accountant)
(166 Points)
Replied 17 August 2013
No, you can't claim input vat, this is not treated as capital item.
Anand
(Chartered Accountant)
(166 Points)
Replied 17 August 2013
No, you can't claim input vat, this is not treated as capital item.
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