Input credit

This query is : Resolved 

25 July 2013 Dear Experts,

Can we take Input VAT on Fire and Safety Equipment's purchased for Factory (Manufacturing Company)?

Thanks in Advance..

25 July 2013 Ineligible Purchases:

Purchases:

a) Made From unregistered dealers

b) Made From other states (interstate purchases)

c) Made From registered dealers opted for composition scheme

d) Of non-creditable goods

e) Made from outside the territory of India

f) Of goods used in the manufacture of exempted goods

g) Made from the dealer, where his invoice doesn’t show the tax amount charged separately

h) Of goods meant for personal use

i) Where there is no evidence or absence of invoice

j)Of capital goods where credit is available in parts.

k) Of goods to be used as fuel in generation of power

In my opinion, safety equipments are not eligible input and it will come under serial no.d)


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