15 May 2008
Can a Software company claim VAT input credit against VAT paid on purchase of Computers, RAM, Printer, Servers and other computer related items?
15 May 2008
yes what evere you are paying vat on input service/material you will take setoff against output vat only which are in negative list you will not take setoff of input vat
15 May 2008
Will it be possible to claim Input credit on Vat paid on purchase of other regular items like tissue papers, fans, coolers, table etc. Plz clarify.
15 May 2008
yes because you are purchasing those goods which are related in your business the vat say if you are purchase some goods for your business purpose & va is seperatly charged then you will take input credti of vat it is not important what you are selling hope you will satisfy the above answers
15 May 2008
Mr. Varun you can't claim input credit on items like tissue papers, fans, cooler, table etc. you can claim input credit on plant and machinery
CAclubindia
