Plz let me know that can a Leather Manufacturing company having Factory at ground floor & office at first floor take VAT input credit during following purchases:
a)Vat paid on Purchase of steel & iron for consturction of factory. b) Vat paid on purchase of cement & other building material for construction. c) Vat paid on purchase of Air Conditioner for Factory/Office. d) Vat paid on purchase of wood & plywood for construction of Almirah in the office.
15 May 2009
Thanks Parvin.But i still have some doubt: a) Will input credit be claimed for all such fixed assets purchased by company? b) Is the treatment same under Haryana Vat & UP Vat?
CAclubindia
