Input of vat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2016 CAN A ORG TAKE A VAT INPUT OF CAPITAL GOODS WHICH IS NOT DIRECTLY INVOLVED IN MANUFACTURING.I,E OF COMPUTER PURCHASED.

RAHULSMITTAL

RAHULSMITTAL (Expert)
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02 January 2016 if you have tax credit invoice. you can but you have to show it as use in manufacturing only

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2016 IT IS FOR OFFICE USE NOT DIRECTLY FOR PRODUCTION AND I HAVE RETAIL INVOICE BUT PARTY IS REGISTERED UNDER VAT

RAHULSMITTAL

RAHULSMITTAL (Expert)
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02 January 2016 if you have retail invoice you cant take credit.

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2016 IF I HAVE TAX INVOICE THEN IN THAT CASE WOULD IT CAN BE TAKEN IN CASE OF COMPUTER PURCHASE.

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2016 AND SIR TAX CREDIT IS ALLOWED ON RETAIL INVOICE IF PARTY IS REGISTER IN SALES TAX. SOME CLIENTS OF OUT ARE TAKING AND I ASKED IT FROM MY CA HE SAID PRACTICALLY EVERY ONE TAKES CREDIT IF THAT PARTY HAVE TIN NO.

RAHULSMITTAL

RAHULSMITTAL (Expert)
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02 January 2016 https://taxguru.in/goods-and-service-tax/input-credit-capital-goods-delhi-added-tax.html

check it out it may help,

CA Shashank Jain

CA Shashank Jain (Expert)
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02 January 2016 Tax credit on Retail invoice can never be allowed no matter what. Credit can be taken if and only if TAX Invoice is issued.

RAHULSMITTAL

RAHULSMITTAL (Expert)
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02 January 2016 no tax credit for computers

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Input of vat

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