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?
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