Vat input problem
This query is : Resolved
surender singh
(Querist)
24 February 2012
hi plz confirm me anybody of below problem
we are the manufacturing firm. we take 100w connection of electricity & one electricity transformer also.
on the electricrty transformer,we received vat input @ 5%, so can we take of that vat input , vat input around 20000 rs.
but i doubt that transformer will go in electricity item & not goes on machinery item . so what we will do of that vat inpu amount???
plz be clear ASAP
we are the manufacturing firm. we take 100w connection of electricity & one electricity transformer also.
on the electricrty transformer,we received vat input @ 5%, so can we take of that vat input , vat input around 20000 rs.
but i doubt that transformer will go in electricity item & not goes on machinery item . so what we will do of that vat inpu amount???
plz be clear ASAP
CA. Hari Kishan
(Expert)
24 February 2012
Please mention the state where you are registered .. as far incase you are a registered dealer in Karnataka.. 5th schedule in Karntaka has restriction on claim of input tax on electrical goods.. i would however differ and state that the same are capital goods and claim the tax..
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