Input ta credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 December 2013 Dear sir,
my company give computer system for using on rant and it is a capital goods can i take ta credit on this tax ,which is charge on tax in rent.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

17 December 2013 The computers may have been given on lease to somebody for use.The lease rentals received are taxable at 5%.You can input tax credit of the vat paid on the purchases of computers.VAT payable on rentals are to be declared in the returns and paid....mjk