vat claim

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hi friends

i would like  to know whether vat paid on machinary  claim as input vat. iam doing one cold storage company.here input vat has not been claimed.

clarify as soon as possible

thanks &regards

madhukar.p

Replies (2)

vat credit is available only on inputs used in producing outputs .. also they should form part of output.

yes in maharashtra , vat paid on machinery claim as input vat but 

dont charged depreciation on input vat

eg machinery             100

     vat                              13

total                                113

if depreciation charged on rs 113 the input vat not available

if depreciation charged on Rs 100 then input available  


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