We have purchased ac we can avail the input vat credit
This query is : Resolved
24 February 2012
WE HAVE PURCHASED AIR CONDITIONER WE CAN AVAIL THE INPUT VAT CREDIT ON THAT ........?
24 February 2012
Answered if in Maharashtra Only.
You can treat it as office equipment and can avail input VAT Credit subject to reduction of 3% as per Rule 53(7A) of MVAT Act.
You can treat it as office equipment and can avail input VAT Credit subject to reduction of 3% as per Rule 53(7A) of MVAT Act.
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