Vat on fixed assets
This query is : Resolved
19 July 2014
can i get set off of VAT on purchase of office equipment,printing & stationery,plant & machinery??
19 July 2014
vat paid on capital assets are allowed as input vat on installment. Plz write which state VAT you are taking about.
19 July 2014
Input Vat is allowed in Fixed Assets. As the percentage for claiming is different in different states. I have no knowledge about MH-VAT as I practice in Delhi. Experts from MH will guide you.
19 July 2014
normally ITC is admissible on capital goods, but definition of capital good as per VAT act normally cover only machinery. office equipment etc are not coverd.
you must refer the definition of capital goods in ur state vat act.
you must refer the definition of capital goods in ur state vat act.
19 July 2014
AGREE WITH ARUN
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- IT Return filed defective u/s 139 (9)
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- Income Type for interest from government bonds
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- Not a CA , can we prepare balance sheet
- FREELANCING ACCOUNTANT
- TDS RATE ON RENT PAID TO NRI
- Application of 115BAC
- Notice u/s.148- Asstt.Year 2015-2016
- Who writes wikipedia pages in London
- Invoice Numbers WROGLY ENTERED
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
