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?
CA Pradeep Malhotra
(Expert)
23 February 2009
VAT input credit can not be availed in case of purchase of administrative tools
CA Nitin Wadhwani
(Expert)
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- 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
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
