Easy Office
LCI Learning

Query about Maharashtra Value Added Tax Act ,2002

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 December 2007 Who can claim set-off in respect of purchase of motorcar with reference to Rule 54 under MVAT ACT,2002?
Profile Image

KAUSTUBH M JOSHI

Profile Image

KAUSTUBH M JOSHI (Expert)
13 December 2007 motor car is a capital goods in cases where the dealer is not a dealer in car. It will be treated as capital assets purchased for personal use though the car may be used for business purposes. So no set off can be claimed.

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links