Regarding consumable

This query is : Resolved

sandeep (Querist)
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31 March 2015 WE HAVE PURCHASED SOME PAINT AND USED THAT PAINT IN BODY SHOP IN CAR REPAIRING . SO HOW WE WILL DO THIER PURCHASE ENTRY AS CONSUMABLE AND AFTER THAT HOW TO ADJUST IN BOOKS OF A/C AT END OF YEAR

Vishnu Saboo

Vishnu Saboo (Expert)
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31 March 2015 Purchases time entry
Consumable Inventory Dr
To Vendor

consumption time entry
Consumption Dr
To Consumable inventory

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sandeep

sandeep (Querist)
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17 April 2015 SO CAN WE TAKE VAT INPUT ON THIS BILLS.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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20 July 2025 Yes, you can generally take VAT input credit on the purchase of consumables like paint if:

The paint is used exclusively for business purposes (like in your body shop for car repairing).
The supplier has charged VAT on the invoice.
You have valid tax invoices with the supplier’s VAT registration details.
You are registered under VAT and follow all rules for input tax credit.

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