Vat on capital goods

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Nanda kishor V (Querist)
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24 May 2013 Sir,

CAN WE CLAIM VAT CREDIT ON CAPITAL GOODS LIKE COMPUTER, FURMITURE & FITTINGS, VEHICLES... ETC UNDER THE PROVISIONS OF KVAT RULES... OUR CLIENT IS A MOTOR VEHICLE RETAIL DEALER... PLS REPLY QUOTING THE RELEVANT APPLICABLE SECTIONS :-

Nanda kishor V

Nanda kishor V (Querist)
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24 May 2013 somebody pls revert....//

CA. RAVIKUMAR

CA. RAVIKUMAR (Expert)
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24 May 2013 You can not claim input for furniture, fittings.

But you can claim the input for computers (Computing machines).

Refer SCHEDULE V to Karnataka VAT read with section 11 of KVAT Act 2003

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Nanda kishor V

Nanda kishor V (Querist)
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29 May 2013 Sir,

We have VAT registration in Kerala. Kindly, revert whether the same is applicable in Kerala VAT.. pls quote sections if possible..

CA. RAVIKUMAR

CA. RAVIKUMAR (Expert)
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29 May 2013 I welcome any other expert who is good in Kerala VAT to reply this query.

Thanks,