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Vat credit on machine installation

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(Querist)
21 August 2012 OUR CLIENT HAS PURCHASED CEMENT BAGS FOR PREPARING BASE OF MACHINE. CAN HE AVAIL INPUT TAX CREDIT OF VAT PAID ON CEMENT BAGS????
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Vaibhav Netke

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Vaibhav Netke (Expert)
21 August 2012 Yes, u can take CENVAT Credit for the inuput used.
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CA CS Pawan Jajoo

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CA CS Pawan Jajoo (Expert)
21 August 2012 As per my opinion it is not allowed to take VAT Setoff as per rule 54. As it is part and parcel of Building.

If you take credit you will have to prove that it is part of Plant and machinery.




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