Easy Office
Easy Office

Query on vat credit??

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 September 2012 Can VAT Credit be availed on a old machinery (1965) purchased for demonstration (Advertising 7 Sales Promotion). The Machinery is not used for production purpose currently.
Profile Image

CA RICHA BADALIA

Profile Image

CA RICHA BADALIA (Expert)
14 September 2012 Since machinery is not being used for production you cannot claim input tax on it. Capitalise the VAT amount with the asset .

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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links