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Vat input credit

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Querist : Anonymous

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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?
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Ankit Varia

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Ankit Varia (Expert)
08 January 2013 Yes setoff can be availed. Refer Rule 53(7A) of MVAT Act.
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Querist : Anonymous

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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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