Hi frnds, i have a query .
One of our client is running hotel industry. He just started work in October 2011 . He purchased 3rd floor of one building and maintain all decor and construction/renovation work. now issue for the claim of VAT input on capital goods. In VAT act Punjab the input is claimed on only Capital goods used for production. ie Plant & Machinary, My clients asked me i didnt have any plant & Machinary in hotel but have other assets so i cant take input vat on any assets i have.
Please on which items the input vat can be claimed if i had vat invoice.The list of assets purchased are :-.
1. Fittings & Decor (Wood).
2. Electric Fitting .
3. Furnitures & Fixtures.
4. Kitchen equipments.
5. Uniforms.
6. Neon Sign Boards.
7. Computers & softwares.
8.Air Conditioners(fitted in Restaurent).
CAclubindia
