Can reclaim vat on mobile phone
This query is : Resolved
06 May 2013
Our company has purchased s4 mobile for our director and paid vat on it can we reclaim the vat amt on that while filling vat return
kindly answer waiting for your reply
kindly answer waiting for your reply
Sandip R Lathiya
(Expert)
06 May 2013
No it is not good for the comapany & it is not assest which productuion use so company can't claim of your vat credit.
MJ Krishnamurthy
(Expert)
06 May 2013
If you traet it as a cpital goods it may be possible to claim ITC. In some states only listed capital goods are allowed to claim ITC on their purchases....mjk
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