MVAT ON CAPITAL GOODS

In Case of Plant & Machinery purchased 100% VAT can be claimed for Set-off  in the Year of Purchase itself. Whereas in Case of  Furniture & Fixtures and Office Equipments 2% Vat has to be retained rest can be claimed for Set-off & the retained amount is to be capitalised and in case of Electrical Installation no Set-off is available i.e it has to  be capitalised 100%.