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We have purchased ac we can avail the input vat credit

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(Querist)
24 February 2012 WE HAVE PURCHASED AIR CONDITIONER WE CAN AVAIL THE INPUT VAT CREDIT ON THAT ........?
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CA Sunil Anwani

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CA Sunil Anwani (Expert)
24 February 2012 Answered if in Maharashtra Only.

You can treat it as office equipment and can avail input VAT Credit subject to reduction of 3% as per Rule 53(7A) of MVAT Act.

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