Vat

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ramaseshu (Querist)
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09 August 2012 Is there any rule under the VAT act stating that the goods which are being purchased must be used for Manufacture for availing the input credit of VAT paid.

CA Amit Jaiswal

CA Amit Jaiswal (Expert)
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10 August 2012 Traders are not involved in manufacturing.
It does not means that they will not get the credit of tax paid on purchases.

ramaseshu

ramaseshu (Querist)
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10 August 2012 Sir,
Does it mean that if we are making any purchases relating to office utilities or purchases for marketing department(Especially for marketing departments expenses like gifts offered by company) are eligible for input credit for vat.

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