Can vat input be taken on the plant & machinery.
This query is : Open
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.
28 November 2013
The ans is yes.
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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