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Can vat input be taken on the plant & machinery.

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(Querist)
28 November 2013 My Company is a construction Company it has purchased one Inverter base Welding machine & as per company rule this is to be taken in asset (Plant & Machinery). SO may question is that can we can take the VAT input in this case.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
28 November 2013 The ans is yes.
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rajat kapoor

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rajat kapoor (Querist)
26 December 2013 Sir, what is the clarification for this as this is not for re-sale and the VAT input can be taken if we are reselling the same to other on Our Rate. Please clarify more on the subject.
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