banner_ad

Vat input credit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 April 2014 can we take vat input credit on assets which is being use in plant?
Profile Image

Vishnu Saboo

Profile Image

Vishnu Saboo (Expert)
15 April 2014 Plant & machinery are normally treated as Capital goods, and ITC is available on capital goods
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
19 April 2014 YOU CAN TAKE INPUT THAT USED IN AND USED FOR PRODUCTION DIRECTLY.
BUT YOU CANNOT TAKE INPUT ON FURNITURE, STATIONERY, BULB, CFL,AC , COOLER , FANS LIGHTING ETC.

BUT ON RAW MATERIAL, CONSUMABLES, YOU TAKE CREDIT. BUT NOT ON DIESEL FOR DG SET, OR VEHICLE FOR DELIVERY AND BUIDLING MATERIAL, FUEL FOR VEHICLE ETC.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details