vat on furniture

This query is : Resolved

sayyad muniruddin (Querist)
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29 May 2011 Can we claim set off on office furniture and stationary purchase ?

Can we claim both depreciation and vat set off simalteniously ?

Full set off available on furniture or reduction of 4% is liable for it. If 4% reduced then can it be capitalised ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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30 May 2011 Vat claim on furniture is based on the state vat act, but while claiming VAT, depreciation on the vat portion cannot be claimed

VAT cannot claim on stationery purchases