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Vat input credit on purchase of new vehicle

6422 views 18 replies
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Accountant
22 Points Joined December 2015

my company bought a 2 wheeler for the transport og produced goods. is it elegible for vat input?

Shailey

 

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On 07 January 2016 at 10:32
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Manager-Accounts
390 Points Joined December 2011

No. ITC credit can be availed only agst capital goods like machinery.

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On 12 January 2016 at 15:48
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Business
4 Points Joined November 2018
Hi, I purchased 2 trucks in 2013 where I have paid 13.5% vat. Now can I apply for Vat return. Plz suggest.
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On 11 November 2018 at 00:23
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Business
4 Points Joined November 2018
Can I apply for Vat return for the truck I have purchased in 2013
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On 11 November 2018 at 00:24

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