Vat input purchase material r&d purpose
This query is : Resolved
23 July 2013
Dear All
we Purchase Raw Material for R&D Purpose. Pls advice we have claim set-off input vat from output vat
Pls advice ?
Regards
Praveen
we Purchase Raw Material for R&D Purpose. Pls advice we have claim set-off input vat from output vat
Pls advice ?
Regards
Praveen
30 July 2013
First of all you have not mentioned the STATE the query relates to.
Generally, Raw material for consumption purpose is not eligibel for set off. If any capital goods, equipments are purchased for R&D purpose and if they are used for production purpose, they are eligible. We have to check up your State VAT Act before replying to your query.
Generally, Raw material for consumption purpose is not eligibel for set off. If any capital goods, equipments are purchased for R&D purpose and if they are used for production purpose, they are eligible. We have to check up your State VAT Act before replying to your query.
31 July 2013
thanks you
it is Banglore and Maharashtra state
Regards
Praveen
it is Banglore and Maharashtra state
Regards
Praveen
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
- Refund Annexure-B
- Sale of Equity shares for Purchase of Residential Property
- GST Reverse
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Clarification regarding Import E-way bill transaction type // Regular or Bill from Dispatch From
- Non issue of e way bill
- Director payment
- RCM and FCM
- GST Cancellation without jurisdiction
- ITC on purchase of commercial property( shop/Godown/offce etc.)
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
