Input credit of consumables & stationeries

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Viswanathan

Viswanathan (Querist)
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13 September 2012 Can we take input vat credit on purchases of consumables and stationeries

CA VISHNU GAVKARE

CA VISHNU GAVKARE (Expert)
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14 September 2012 Yes. consumables are alike purchase.

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
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14 September 2012 Under WBVAT the input credit on the aforesaid is not allowed.The rules for input credit varey from state to stae.

Prakash Kochar

Prakash Kochar (Expert)
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18 September 2012 Under Maharashtra VAT Act, input vat credit on purchases are available subject to rule 53. Specifically input credit for vat on purchases of any goods,the property in which is not transferred [whether as goods or in some other form] to any other person, which are used in the erection of immovable property other than plant and machinery is not available u/r. 54

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