Vat claim

Bhavesh (Accounts) (899 Points)

30 August 2013  

Firm has purchased a water Purifier for the staff and same has been paid in cash for Rs.14063/-. The supplier has given the bill mentioning a VAT on the same. And the same has been taken as a office equipment. My question is whether the Firm can claim VAT of Rs.1563/- on it. (Rs.12,500/- + 12.50% VAT Rs.1563/-) Pls. justify the same. Thanks.