can we avail full vat credit on car purchased

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 January 2010 can we avail full vat credit on car purchased in case of a hotel industry

and if we have availed that can we use the whole in the same financial year.

and same query is in respect of computers purchased .

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)
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23 January 2010 under Dvat-04, no input vat is admissable on car purchase unless you are engaged in reselling of cars. In case of computers, input is claimable if the computer is used in mfg, reselling, accounting of goods.