Mvat input credit - urgent

Please advice me whether I can get input mvat credit set off of VAT paid on :

1. Repiars & maintenance of buildings

2.  motor car expenses (Repairs of motor car)

3. Machinery/Office equipment which is in capital WIP (Subject to retention if any)

4. Building which is under capital WIP

Please help as early as possible

Thanks & Regards

Replies (3)

No Set off available in case of any expenditure relating to Building

 

In Case of repairs of motor Car you can take set off fully

 

In case of machinery you can tk full set off after completion of it

And office equipment subject to 3 % reduction

 

 

Thank you sir

So I cant get input cr of Capital WIP till they are not completed and I can get credit in the period in which the asset is put to use. Correct?

Yes 

You are correct after completion you can take full credit of vat on machinery

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