Eligibility of vat input credit under karnataka vat act
This query is : Resolved
keerthi g kulkarni
(Querist)
29 May 2012
Hi all
Can any one suggest eligibility of VAT input credit on capital items bought (Eg. purchase of stabilizer,compressor, etc) bought by pvt ltd co which is engaged in the manufacturing of moulds & tools
The other query is can input credit be claimed on purchase of construction materials used for the construction of building which will be used for manufacturing by the same Co.?
Replies can be mailed to kirtigkulkarni@gmail.com
Can any one suggest eligibility of VAT input credit on capital items bought (Eg. purchase of stabilizer,compressor, etc) bought by pvt ltd co which is engaged in the manufacturing of moulds & tools
The other query is can input credit be claimed on purchase of construction materials used for the construction of building which will be used for manufacturing by the same Co.?
Replies can be mailed to kirtigkulkarni@gmail.com
03 June 2012
no ITC of tax paid on purchase of stabilizer etc as it is not used as input for manufacture of moulds or tools.
no ITC on material used for civil construction also
cackbajpai@gmail.com
no ITC on material used for civil construction also
cackbajpai@gmail.com
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