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Q. > Please Help: VAT
Will sale tax credit be allowed on purchase of laptop for office use.
1 Answers
answered Jan 09, 2012 by Ashish Karundia , New Delhi
Dear Rishab,
The basic principle is that the input tax credit is allowed either when the product is sold as such or when the goods are used in the manufacture of any other good which is sold.
Thus, keeping in light the basic principle, the sales tax credit i.e. input tax credit in respect of laptop which is used for official purpose shall not be allowed. However, you are requested to mention the state in respect of which you want to know the same so that the answer can be given more specifically.
Hope the above suffice.
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