Ineligible vat itc
This query is : Resolved
Rakesh Saha
(Querist)
06 September 2013
Myself Rakesh, Accountant at HM Suites & Studios, Bangalore.
First I want to know about Ineligible VAT. Is it applicable when we are purchasing any fuel materials (Gas) from our vendor?
In the month of August, my Gas bill was,
Base Amount: 16355.9
VAT : 2371.61
Then what will be the amount of Ineligible VAT & How much VAT I have to pay, Rs. 2371.61 or 11.5% of 16355.9 i.e 1880.93?
Please inform.
First I want to know about Ineligible VAT. Is it applicable when we are purchasing any fuel materials (Gas) from our vendor?
In the month of August, my Gas bill was,
Base Amount: 16355.9
VAT : 2371.61
Then what will be the amount of Ineligible VAT & How much VAT I have to pay, Rs. 2371.61 or 11.5% of 16355.9 i.e 1880.93?
Please inform.
CA. RAVIKUMAR
(Expert)
08 September 2013
Hi Rakesh,
As per the section 11(6) read with section 14 of KVAT act 2003 You can claim the input to the extent of 11.5% on the input tax
As per the section 11(6) read with section 14 of KVAT act 2003 You can claim the input to the extent of 11.5% on the input tax
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Oct 2025 Invoices
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
