Our company is registered under vat in Karnataka, and we are paying VAT by monthly regularly now we purchased Car (Innova) and we paid vat @14% at the time of purchase of vehicle, so my doubt is whether I can claim the vat input in our regular vat returns or not.
Please Note: - our business is different, this vehicle will be using for our official purpose.
Kindly send your precious time for this quiry and help me out.
21 May 2012
Mr Ranganath, No,it is not permitted to claim the tax paid on purchase of a vehicle as input tax as per sec 11 of KVAT Act,under the circustances stated by you. MJK
CAclubindia
