a firm engaged in exporting handicrafts uses a mobile for its business purpose & has paid vat on it .can it claim input tax credit against it.
2 Replies
Sachin
(Chartered Accountant)
(419 Points)
Replied 20 February 2009
| Originally posted by :akash patni | ||
| " | a firm engaged in exporting handicrafts uses a mobile for its business purpose & has paid vat on it .can it claim input tax credit against it. | " |
Dear Akash,
Input VAT Credit can be taken on the purchase of Mobile but it is disputable issue. If do you know more about this please write mail to me sachinagarwalcallb @ gmail.com
Jiwan singh
(service)
(393 Points)
Replied 21 February 2009
You can not take itc of vat agst.purchase of Mobile for Your business purpose, you can take credit only service tax charged on mobile bill agst.cenvat credit rules
Recent Topics
- Difference between Accrued Revenue and un earned r
- Calculate profitability on particular project
- Hsn code and rate Ground nuts cake
- Pvt ltd company sale ltcg.
- Auto-population failed on 9th Jan 2025 and showing
- RCM payment Due Date
- 2B ITC reconciliation
- Rent received NRI in lieu displacement due to rede
- Restrictions in ITC
- 27Q Confirmation Notice from IT Department
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
