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Vat credit in construction businees

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(Querist)
31 March 2014 We are newly entering in Construction Business. Which nature is construct building and sold flats of it. I have query regarding when we have purchasing material for building construction(like.cement,steel &etc) and on which seller charges VAT to us. Is there get any benefit or setoff of that VAT to us. Should we treat that as a INPUT Vat while accounting.
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
31 March 2014 Since you are in construction business VAT input on building materials will be allowed to u as Input Credit.

Kindly let me know in which state the business is?
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Pramod Patil

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Pramod Patil (Querist)
02 April 2014 We are working since 2011 in Maharashtra State.
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