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VAT credit

This query is : Resolved 
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(Querist)
19 January 2009 can a purchaser take VAT credit on the purchase of machinery items booked under the head repairs & maintenance?
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MAYUR JOSHI

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MAYUR JOSHI (Expert)
19 January 2009
One can take credit of VAT Charged on purchase of stores & spares items used for maintenance of plant and marchinery and the same to be debited to stores & spared Account as consumables items.

I am of the opinion that only services related to Machinery to be debited to Repairs & Maintenance A/c.
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
19 January 2009 yes
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