Application of Service Tax & VAT in works contract

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Dhanya Sreedhar (Querist)
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29 December 2010 Sir,

Whether the input tax paid on the materials used for two different jobs can be claimed for as input tax credit under VAT?

My query is relating to a newspaper making industry where the input tax paid on materials (such as ink, paper, ribbon etc) used for printing newspapers (primary) and the same materials when used for printing any other journals (secondary) can be claimed as input tax credit?

Please suggest me any case laws, circulars or notifications relating to this aspect. Also, suggest me a method to differentiate (proportion of the materials)used in the two jobs.

Ajay Mishra

Ajay Mishra (Expert)
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29 December 2010 Following link will help you:

rajkot-icai.org/.../Works%20Contract%20%20Final%20ICAI-Rajkot%2026-062010.ppt

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Dhanya Sreedhar

Dhanya Sreedhar (Querist)
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31 December 2010 thank u sir.

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