Set off of VAT tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2010 Whether i can take Set off of VAT tax paid on computer for office and

For example
Computer purchased of Rs 20000
and VAT paid of Rs 800

Then How much amount I am eligible for set-off.

Thanks in advance for reply

CA Umesh Sharma

CA Umesh Sharma

(Expert)
Follow

04 March 2010 As per rule 53(7A) of the Maharashtra Value Added Rules, 2005 on computer 3% retention is applicable. Hence setoff available will be 1% i.e, (4%-3%).Rs 200 in above case.