Claim for vat input on machinary repair items in MFG unit
This query is : Resolved
21 February 2008
hi Experts
my query is related to claim for ITC on machinary repair items in mfg. unit.
suppose a lether industry which purchase machinary repair items from local market when sales tax was applicable from registered dealer as a registered dealer and that was exempt from tax at that time.
Now in punjab vat applicable & on purchase of machinery repair item, seller issued vat invoice.
Then leathr mfg. unit applicale to claim itc on such bill or not.
With Regards
Sandeep
my query is related to claim for ITC on machinary repair items in mfg. unit.
suppose a lether industry which purchase machinary repair items from local market when sales tax was applicable from registered dealer as a registered dealer and that was exempt from tax at that time.
Now in punjab vat applicable & on purchase of machinery repair item, seller issued vat invoice.
Then leathr mfg. unit applicale to claim itc on such bill or not.
With Regards
Sandeep
21 February 2008
IN RESPECT OF MACHINERY REPAIR ITEM FULL VAT CREDIT SHALL BE ALLOWED IN THE SAME YEAR.
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