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Availment of VAT credit on upgradation of machinery

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(Querist)
24 January 2009 Sir,

Pl.clarify whether we claim VAT credit on upgradation of machinery? 100% or 50%?
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N J Ansari

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N J Ansari (Expert)
26 January 2009 Under Maharashtra VAT Act, 100% Input
VAT credit is allowed.
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arulselvan

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arulselvan (Querist)
27 January 2009 Thanks for your reply
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
08 February 2009 But if the machinery is used to manfacture tax free goods, the input credit is subject to reduction of 3% of Purchase Amount.

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