Input vat credit on Office Equipments

This query is : Resolved

Yogesh (Querist)
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02 February 2011 can We take Credit of VAT Charges on Office Equipments
If Yes How much %

Ex. we Purchased Tea Vending Machine For 18563
Basic Value =16500
Vat 12.5% =2063
Then How much Credit We can Get
In Maharashtra

Sunil Arora Advocate

Sunil Arora Advocate (Expert)
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02 February 2011 In Punjab Office Equipments are not eligible for Input Tax Credit as it is not an input to your business i.e Trading Item u/s 13(5). Only a person dealing in buying and selling of of Tea Vending Machine (i.e for whom it is something which is bought for resale)is eligible for Input Tax Credit