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VAT

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(Querist)
12 January 2011 plz tell me

we can take Input VAT on purchase of consumable item in local
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G.SARAVANA KANNAN

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G.SARAVANA KANNAN (Expert)
12 January 2011 Yes ITC is available for consumables also, only if it is purely used for manufacture of taxable goods.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
12 January 2011 Yes. Without any doubt
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
12 January 2011 yup. no doubt
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