Vat input credit
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 January 2013
Hi
We are the software company and we had purchased Computers, LCDs, Fridge, etc. for office purpose now my question is can we take VAT input credit on above items after retaining 3% of VAT amount under MVAT(Maharashtra) scheme?
We are the software company and we had purchased Computers, LCDs, Fridge, etc. for office purpose now my question is can we take VAT input credit on above items after retaining 3% of VAT amount under MVAT(Maharashtra) scheme?
08 January 2013
Yes setoff can be availed. Refer Rule 53(7A) of MVAT Act.
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 January 2013
what the situation in case we have Softaware sale and AMC in ratio of around 55:45
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