Mvat set-off

Mahavat 773 views 1 replies

CA CS

223 Points Joined February 2009

Whether refund of VAT paid on Capital goods can be claimed in maharashtra?

Output goods are not liable to VAT. And what is the procedure and in which goods can beclaimed.

If reference of rule can be given, it will be a great help.

Replies (1)

Partner at A B D and Co LLP Chartered A

278 Points Joined July 2012

Dear Mam,

Rule 53(7A) of MVAT Act says that full setoff can be claimed on PM, Elec Install and retention is to be applied on Furniture, Office Equipment.

If u go through the rule it would get more clear

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