EASYOFFICE
EASYOFFICE
EASYOFFICE

Vat Input Credit on Motor Vehicle

This query is : Resolved 

29 May 2010 Mr X is a trader who claims Vat input credit on Capital Asset like Motor Vehicle.The Sales Tax Department refuse to give the Input credit saying that input credit can be taken on other capital assets expect Motor Vehicle.
Is Department view is correct?

29 May 2010 VAT input on motor vehicle is not allowed as per Maharashtra VAT as it is in the negative list of taking input on capital assets.

hence department view is correct.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries