Invoices of job work
This query is : Resolved
13 June 2014
Dear Experts,
As we sending our machinery for repairing purpose..
service provider or job worker is replacing some damage parts or poor parts in the machine and charging a single invoice including vat and service tax as per below example:
Repairing charges : 10000
service Tax 12.36% 1236
Material value : 500
input vat 4% 20
Input vat Ad 1% 5
Invoice Value :11761.00
In this case can we avail the Input VAT Credit? If yes, then how could we show this particular Inovice in our vat return
Please advice
Thanks!
Sohil Patel
Dear Experts,
As we sending our machinery for repairing purpose..
service provider or job worker is replacing some damage parts or poor parts in the machine and charging a single invoice including vat and service tax as per below example:
Repairing charges : 10000
service Tax 12.36% 1236
Material value : 500
input vat 4% 20
Input vat Ad 1% 5
Invoice Value :11761.00
In this case can we avail the Input VAT Credit? If yes, then how could we show this particular Inovice in our vat return
Please advice
Thanks!
Sohil Patel
13 June 2014
yes.
It should be as vat paid on the Capital assets.
It should be as vat paid on the Capital assets.
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