Input on capital goods under mvat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2014 Dear Friends

We are interior designers and architects.

Recently we got our own office constructed in Mumbai.

Can we take VAT input on various capital items used in our office viz: furniture fixtures, computers, UPS, gensets, lifts etc

Thanks in advance.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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31 March 2014 Under rule 53(7A) of Maharashtra VAT Rules you are permitted to avail the vat paid on purchases of office furniture and fixtures,if you have capitalized them as assets in your accounts,less by 3%, as input tax.If they are used for production/work purpose(like work shop machines) you can avail full amount of VAT paid as input......mjk