Input vat eligibility

Under which state law you are asking this query.? under karnataka vat act stationary items are not eligible for input credit unless it is meant for resale.

Refer Sec 11(3) and schedule V.

Regards

Dayananda

prinitng and stationery is very much related to business.

but VAT on printing and stationary cannot be claimed as input VAt as it is not  a direct expense ..

Input tax credit will be available for the taxable goods purchased for the purpose of:

1. Sale or resale within the State
2. Sale in the course of inter state trade or commerce
3. Sale in the course of exports
4. Use as raw materials, processing materials or processing materials in the manufacture of taxable goods
5. Use as packing of goods
6. Sale to SEZ/EOU
7. Transfer out side the State

vat o credit on P & S not admissible.

MVAT - ITC on Printing and stationery allowed u/r 52 of MVAT Act,2002