set off for following is allowed or not MVAT.

This query is : Resolved

CA Abhishek Singh (Querist)
Follow

21 October 2010 our client is a manfufacturing client of gold and jewellery in mumbai.

i was doing audit and found that vat paid on following items were not taken for credit.

1)VAt paid on Industrial Packing bags.
2)VAT paid on Computer expenses-Cartridge
3)VAT paid on Plastic bags -packing material
4)VAT paid on printing & stationery items

Plz. let me know whether these are allowed for set off wrt mvat act,2002.

Urgently waiting for ur reply.

CS ,CMA Shambhu Kr. jha

CS ,CMA Shambhu Kr. jha (Expert)
Follow

21 October 2010
as per the information provided by you set off no one items mentioned above is allowed , set off of all those items are allowed that have direct nexus with production process or that items directly participate in the process of manufacturing
All the items mentioned above are consumable goods and set off of that items are not allowed under the act

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

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

CA Narender Yarragorla

PRABHU

ACCFIN SOLUTIONS

Prabhakar Manjunath

Saumil Kapadia

Subscribe Now

set off for following is allowed or not MVAT.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

CA Final

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant