Vat credit on plant & machinery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2013
WHETHER VAT CREDIT ON PLANT PURCHASE IS ELIGIBLE IF MANUFACTURER ALSO DO JOB WORK ?
31 July 2013
YES. IT IS ELIGIBLE.
04 August 2013
The question is not clear. If a manufacturer is buying a plant which satisfies the related conditions,then, it is eligible for availing the input credit.If that manufacturer is doing only job work with that machine/plant-although he is otherwise a manufacturer and a tax payer-credit of the input tax paid can not be availed.Such purchased plant/machinery should produce taxable goods or aid such work like supplying electricity etc....mjk
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- Procedure for claiming exemption in Article Ship for CA Course
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
