21 November 2008
Respected All, I hv some query, 1) What is the exact percentage available for set-off on purchase of capital asset after 01-04-2008 ? (Vat 12.5% or 4%)(Under Maharashtra VAT Act). 2)I have purchase electric material for office reapiry in this bill we have received input vat 4%. Can we take claim for this as revenue expenditure? (Under Maharashtra VAT Act) Please give Under which VAT Section this comes. Awaiting your valuable guidence.
CAclubindia
