Availing Input Tax Credit
This query is : Resolved
23 February 2009
An assessee engaged in the fabrication works for that he is purchasing the steels and rods. While making the above purchase he would have paid VAT so he can claim it has input credit.
The same assessee is purchasing the things for administration purposes like notebooks, pen pencil, tools to maintain office. while making the above mentioned purchases the assessee have to pay VAT.
My question is,,
1. Whether he can claim the Input Tax credit for the purchase mentioned in second para (supra) made by the assessee?
2. If he can avail it as input tax credit, the purchase amount (purchase value of administration tools)should be included in the VAT return as Purchases of Goods?
The same assessee is purchasing the things for administration purposes like notebooks, pen pencil, tools to maintain office. while making the above mentioned purchases the assessee have to pay VAT.
My question is,,
1. Whether he can claim the Input Tax credit for the purchase mentioned in second para (supra) made by the assessee?
2. If he can avail it as input tax credit, the purchase amount (purchase value of administration tools)should be included in the VAT return as Purchases of Goods?
23 February 2009
VAT input credit can not be availed in case of purchase of administrative tools
23 February 2009
In my opinion, under MVAT Act VAT paid on stationery items can be claimed unless the dealer is not liable to pay tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- TDS Deducted AY-2013-14 Not Reflected in 26as
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Eway bill not cancelled within 24 hous what can be due
- Filling ITR - U
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
