I'm setting up a showroom to sell optical products. Can I claim input tax credit for VAT paid on the following items which I have installed in my showroom
a. Floor/Wall Tiles b. Air conditioners c. Lights and electrical fittings d. Computer/Laptop/Billing systems e. Furniture and fixtures f. Eye testing equipment
28 February 2016
It depends on the state, what ever you have mentioned are capital items, every state has the different provisions in taking VAT input of capital goods
CAclubindia
