Can I avail vat credit on when i pay hire charges Or lease rent?
2 Replies
CA. C V SURYAM
(Practising Chartered Accountant)
(865 Points)
Replied 08 September 2008
No. Under APVAT provisions, ITC cannot be used for payment of VAT in respect of hire / lease charges. Same provisions prevail under other State VAT Acts also.
CA Rajesh S
(Chartered Accountant)
(1581 Points)
Replied 09 September 2008
no ,u can claim input vat only on purchases and some capital items like P&M
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