Input vat on cement purchases by a poles manufacturer

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 November 2011 Dear All,

Please help me out in the above subject that whether a Poles Manufacturer Company can claim Input Vat on Cement Purchase or not ?

Please answer my Query..

Regards,

Syed Ismail

VISHRUT

VISHRUT (Expert)
Follow

17 November 2011 Yes you can claim credit of the same subject to the vat is charged by the person having TIN Number and final product produced by you is also chargeable to VAt.

Querist : Anonymous

Querist : Anonymous (Querist)

18 November 2011 But as per latest Amendment, Vat Rates on poles is reduce to 5%. Can 14.5%Input Vat can be claim? Please answer my query.

VISHRUT

VISHRUT (Expert)
Follow

18 November 2011 No in this case it can not be claimed.

Querist : Anonymous

Querist : Anonymous (Querist)

18 November 2011 Can you please give me the Notification on this ......

VISHRUT

VISHRUT (Expert)
Follow

18 November 2011 There is no notification on this but it is in the act only where it is clarified that credit can be claimed against same rate only.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Phani

Rasheed Mohd Abdul

shreesh acharya

Sagar Goyal

suresh kotte

Subscribe Now

Input vat on cement purchases by a poles manufacturer

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Senior Executive

Accountant

GST CONSULTANT

Manager- Finance and Compliance